Anaren Increases Stock Buy Back Authorization
November 05 2007 - 1:06PM
PR Newswire (US)
SYRACUSE, N.Y., Nov. 5 /PRNewswire-FirstCall/ -- Anaren, Inc.
(NASDAQ:ANEN) announced today that its Board of Directors has
authorized the repurchase of up to an additional 2 million shares
of the Company's outstanding common stock. This authorization is in
addition to the 200,733 shares remaining from the Board's previous
authorization in May 2007. Anaren intends to repurchase shares from
time to time by means of open market purchases and privately
negotiated transactions at prevailing market prices. The number of
shares purchased, if any, will be dependent upon market conditions.
Anaren currently has 15,227,135 shares of common stock outstanding.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO)
Forward-Looking Statements The statements contained in this news
release which are not historical information are "forward-looking
statements." These, and other forward- looking statements, are
subject to business and economic risks and uncertainties that could
cause actual results to differ materially from those discussed. If
any business and economic risks and uncertainties actually occur,
our business could be adversely affected, and the trading price of
our common stock could decline, and you may lose all or part of
your investment. You are encouraged to review Anaren's 2007 Annual
Report, Anaren's Form 10-K for the fiscal year ended June 30, 2007
and exhibits to those Reports filed with the Securities and
Exchange Commission to learn more about the various risks and
uncertainties facing Anaren's business and their potential impact
on Anaren's revenue, earnings and stock price. Unless required by
law, Anaren disclaims any obligation to update or revise any
forward-looking statement. Company Background Anaren designs,
manufactures and sells complex microwave signal distribution
networks and components for the wireless communications, satellite
communications and defense electronics markets. For more
information on Anaren's products, visit our Web site at
http://www.anaren.com/.
http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO
http://photoarchive.ap.org/ DATASOURCE: Anaren, Inc. CONTACT:
Lawrence A. Sala, President, CEO, or Joseph E. Porcello, Senior VP
of Finance, +1-315-432-8909, both of Anaren, Inc. Web site:
http://www.anaren.com/
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