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UTStarcom buys back $2.2m so far in share repurchase programAug 30, 2012 (TELECOMWORLDWIRE via COMTEX) -- UTStarcom Holdings Corp. (NASDAQ: UTSI) continues its ongoing $20 million share repurchase program that was launched in August 2011. For the period between July 1 and August 28, 2012, the company repurchased an additional $2.2 million of its ordinary shares, bringing the cumulative total under the current program to $11.8 million, which represents more than half of the amount authorized by the board. There is $8.2 million remaining under the current share repurchase program, which the board recently extended through February 15, 2013. UTStarcom is a provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ] |