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Solectron Announces $200 Million Stock Repurchase Program

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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...Read full article

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    Published: September 2001
    industrialNews & Features

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