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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (4059)	6/2/1998 9:05:00 AM
From: Leman	Respond to of 25711

RE DSPT this co only has 1.7 mil shares and is buying back 10% DSP Technology Announces Repurchase of Up to 10% of the Company's Outstanding Shares FREMONT, Calif.--(BUSINESS WIRE)--May 28, 1998--DSP Technology Inc. (NASDAQ:DSPT - news) announced today that its Board of Directors has authorized the repurchase of up to 225,000 shares, which is approximately 10% of its outstanding common shares, in open market transactions. The company said that purchases under this program will be made in amounts and at times and prices to be determined by management. No time limit has been set for completion of the program. ''Under current market conditions, we have the opportunity to buy back our shares at what we believe are attractive prices. Our strong cash position allows us to implement this repurchase program without adversely affecting DSPT's internal investment plans,'' said president F. Gil Troutman. Troutman noted that the company plans to use the shares acquired for various corporate purposes, including stock option exercises and the funding of future acquisitions. DSP Technology Inc. is a world leader in the design and manufacture of high speed, computer automated, measurement and control instrumentation and systems.