Ixia Announces Completion of $50 Million Stock Buyback Program
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Ixia (Nasdaq: XXIA) reported that it has completed the $50 million share repurchase program that it announced in August 2007.
Since the inception of the share repurchase program, Ixia reported that it had repurchased approximately 6.3 million of its shares for a total of $50 million, at an average purchase price of $7.99 per share. During the current quarter beginning on April 1, 2008, Ixia reported that it had repurchased approximately 4.3 million of its shares for a total of $32.6 million, at an average purchase price of $7.64 per share.
Ixia is a leading provider of IP service verification platforms and performance test systems for IP-based infrastructure and services.
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