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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, wit...

Quang Hong, Blogger

October 25, 2000

1 Min Read

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.

About the Author(s)

Quang Hong

Blogger

Quang Hong is the Features Editor of Gamasutra.com.

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