NENG:
CANTON, Mass.--(BUSINESS WIRE)--Aug. 14, 2001--Network Engines, Inc. (Nasdaq: NENG - news), a provider of scalable appliance servers, today announced that its Board of Directors has authorized the repurchase of up to $5 million of its common stock from time to time on the open market or in non-solicited privately negotiated transactions. The timing and amount of shares repurchased will be determined at management's discretion, depending upon its evaluation of market conditions and other factors. The Company plans to use existing cash to finance the repurchase. On June 30, 2001, Network Engines reported a cash balance of $82.8 million and had approximately 35 million shares of common stock outstanding with a book value of about $2.40 per share. (Kurs z.Zt. 0,58)
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CANTON, Mass.--(BUSINESS WIRE)--Aug. 14, 2001--Network Engines, Inc. (Nasdaq: NENG - news), a provider of scalable appliance servers, today announced that its Board of Directors has authorized the repurchase of up to $5 million of its common stock from time to time on the open market or in non-solicited privately negotiated transactions. The timing and amount of shares repurchased will be determined at management's discretion, depending upon its evaluation of market conditions and other factors. The Company plans to use existing cash to finance the repurchase. On June 30, 2001, Network Engines reported a cash balance of $82.8 million and had approximately 35 million shares of common stock outstanding with a book value of about $2.40 per share. (Kurs z.Zt. 0,58)
no comment