PCTEL (PCTI) Approves Additional One Million Share Buyback
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PCTEL, Inc. (NASDAQ: PCTI) approved management’s proposal to buyback an additional one million shares.
“Stock buyback programs enable us to offset the shareholder dilution related to employee stock grants and stock options,” said Marty Singer Chairman and CEO of PCTEL. “They also permit us to take advantage of specific opportunities to support the stock,” added Singer.[SM]
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