SAN JOSE, Calif., Oct. 26 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI)
announced today that its Board of Directors has authorized the repurchase of
up to 1,000,000 shares of SDL Common Stock. It is anticipated that the shares
will be repurchased from time to time in the open market or as the result of
block purchases from shareholders. The purposes of the repurchase program are
to take advantage of what SDL considers to be an attractive use of its cash in
excess of operating requirements, and to reserve shares for issuance under
SDL's various stock option plans and its employee stock purchase plan.
SDL designs, manufactures and markets semiconductor optoelectronic
integrated circuits, semiconductor lasers, fiber optic related products and
optoelectronic based systems. The company's products are used in a diversity
of markets such as telecommunications, cable television, dense wavelength
division multiplexing, satellite communications, printing, medical and
materials processing markets.
SOURCE SDL, Inc.
 back to top
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411; Lisa Horn Chainey or Jose Mallabo, general info.,
or Kristi Larson, investor contact, 415-986-1591, all of The
Financial Relations Board
NOTE TO EDITORS: For more information on SDL, Inc., at no cost,
please call 1-800-PRO-INFO (U.S.) or 908-544-2850 (Int'l), ticker
symbol, SDLI
|
