ClearOne Buys Back $10 Million Worth of Own Stock
On May 16, 2012 the Board of Directors of ClearOne authorized a stock buy-back program to acquire up to $2,000,000 in the Company’s common stock during the next twelve months. On July 30, 2012 the Board authorized to increase the amount available for the stock buy-back program from $2,000,000 to $3,000,000.
Yesterday, the Board authorized to increase the amount available for the stock buy-back program from $3,000,000 to $10,000,000.
Generally, this is a good sign that the company believes it’s in a good financial position and wants more control from the shareholders. We’ll continue to monitor ClearOne’s 8-K fillings and report them as we see them.
ClearOne is here: http://www.clearone.com
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