3D Labs Stock Buy

The 3D Labs board of director has authorized a stock re-purchase plan. The board is looking to buy back as many as one million shares of its outstanding common stock, with the actual amount of the re-purchase and the timing of the buy subject to market conditions and stock price. "Based on current market prices, we believe that our stock is undervalued and that the re-purchase program is a good investment of available funds. This stock re-purchase program reflects our confidence in the Company," said 3D Labs CEO Osman Kent.