latest news releases from the newsroom
STEC Board Approves Increase in Stock Repurchase Program From $10 Million to $60 Million
SANTA ANA, Calif., May 22, 2007 (PRIME NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC), announced today that its board of directors authorized the expansion of its existing $10 million stock repurchase program previously announced in July 2006 to $60 million. No shares were purchased under the previous program. Under the expanded program, the company may purchase up to $60 million of STEC's common stock over the next 18 months. STEC adopted a written purchase plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to facilitate the purchase of shares under the stock repurchase program.
EMS Technologies, Inc.
UPDATE -- EMS SATCOM Introduces Integrated Voice Solution
OTTAWA and GENEVA, May 22, 2007 (PRIME NEWSWIRE) -- EMS SATCOM, a division of EMS Technologies, Inc. (Nasdaq:ELMG), today unveiled its new voice solution, the eNfusion(tm) CNX-400 Cabin Gateway product, at EBACE. The fourth in the CNX(r) Cabin Gateway family of airborne-networking products, it will enhance the user experience and will enable even further cost savings, particularly when Inmarsat's new SwiftBroadband service goes live, later this year.