Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Solectron Announces $200 Million Stock Repurchase Program

Facebook Twitter LinkedIn Email Comments
MILPITAS, Calif., Sept. 17 -- Solectron Corporation, a global provider of electronics manufacturing and supply-chain management services, said its board of directors has authorized a $200 million stock repurchase program.

Under the program, the company may repurchase its common shares in the open market beginning when New York Stock Exchange trading resumes today, and from time to time thereafter. Repurchases will be funded by the company's cash resources. Solectron has 658.3 million shares of common stock outstanding.

"With this authorization, our board is demonstrating confidence in the financial markets and in the strength of Solectron," said Kiran Patel, executive vice president and chief financial officer for Solectron.

Separately, Solectron issued a news release reporting its fourth-quarter and fiscal 2001 financial results, reporting a 32 percent sales growth in the fiscal year.
Sep 2001
industrialNews & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.