-Keine Schulden- !
Man will einige der (zu) billigen eigenen Aktien jetzt zurückkaufen !
NENG # 930110
Warum werden die nicht übernommen ?
Tuesday August 14, 4:04 pm Eastern Time
Press Release
SOURCE: Network Engines, Inc.
Network Engines Announces Stock Repurchase Program
CANTON, Mass.--(BUSINESS WIRE)--Aug. 14, 2001--Network Engines, Inc. (Nasdaq: NENG - news), a provider of scalable appliance servers, today announced that its Board of Directors has authorized the repurchase of up to $5 million of its common stock from time to time on the open market or in non-solicited privately negotiated transactions. The timing and amount of shares repurchased will be determined at management's discretion, depending upon its evaluation of market conditions and other factors. The Company plans to use existing cash to finance the repurchase. On June 30, 2001, Network Engines reported a cash balance of $82.8 million and had approximately 35 million shares of common stock outstanding with a book value of about $2.40 per share.
``The Board's approval of this initiative issues a strong statement about our confidence in and the prospects for the Company's future,'' said John Curtis, president and chief executive officer of Network Engines. ``We believe that the repurchase of our common stock at this time represents an effective way to leverage our considerable asset base by taking advantage of current market conditions.''
Man will einige der (zu) billigen eigenen Aktien jetzt zurückkaufen !
NENG # 930110
Warum werden die nicht übernommen ?
Tuesday August 14, 4:04 pm Eastern Time
Press Release
SOURCE: Network Engines, Inc.
Network Engines Announces Stock Repurchase Program
CANTON, Mass.--(BUSINESS WIRE)--Aug. 14, 2001--Network Engines, Inc. (Nasdaq: NENG - news), a provider of scalable appliance servers, today announced that its Board of Directors has authorized the repurchase of up to $5 million of its common stock from time to time on the open market or in non-solicited privately negotiated transactions. The timing and amount of shares repurchased will be determined at management's discretion, depending upon its evaluation of market conditions and other factors. The Company plans to use existing cash to finance the repurchase. On June 30, 2001, Network Engines reported a cash balance of $82.8 million and had approximately 35 million shares of common stock outstanding with a book value of about $2.40 per share.
``The Board's approval of this initiative issues a strong statement about our confidence in and the prospects for the Company's future,'' said John Curtis, president and chief executive officer of Network Engines. ``We believe that the repurchase of our common stock at this time represents an effective way to leverage our considerable asset base by taking advantage of current market conditions.''
