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PCTI PCTEL Inc

6.99
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
PCTEL Inc NASDAQ:PCTI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.99 6.99 7.00 0 01:00:00

PCTEL Provides Update on Share Buyback Program

05/01/2016 1:50pm

Business Wire


PCTEL (NASDAQ:PCTI)
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From May 2019 to May 2024

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Continues to Execute Against Buyback Authorization

PCTEL, Inc. -- (NASDAQ: PCTI), a leader in Performance Critical Telecom solutions, announced today the results of its share buyback program during the fourth quarter of 2015. During the quarter, the company bought back 448,769 shares at an average price of $5.32. The company invested $2,386,000 in the buyback of it shares during the quarter. At the end of 2015, the company had 17.7 million shares outstanding. Approximately one million of those shares are unvested, restricted shares.

“We believe that the acquisition of our shares at this price level is in the best interest of our shareholders,” said Marty Singer, PCTEL’s Chairman and CEO. “Since 2002, the company has bought back approximately 10.9 million shares and paid $22.2 million in one-time and quarterly dividends,” added Singer.

The company entered the year with 783,000 shares remaining under the current buyback program.

About PCTEL

PCTEL, a global provider of RF expertise, delivers Performance Critical Telecom solutions to the wireless industry. PCTEL benchmarks and optimizes wireless networks with its data tools, engineering services, and RF products. PCTEL's antennas and site solutions are vital elements for networks serving SCADA, fleet management, health care, public safety, and education.

PCTEL's RF Solutions products and services improve the performance of wireless networks globally. PCTEL's performance critical products include its MXflex®, IBflex®, and EXflex® SeeGull® scanning receivers and related SeeHawk® Touch, SeeHawk® Collect, and SeeWave® tools. PCTEL's sophisticated engineering services utilize these products as well as the SeeHawk™ Analytics portfolio (Network Analytics, Subscriber Analytics, Map Analytics, and Business Intelligence).

PCTEL Connected Solutions designs and delivers performance critical antennas and site solutions for public and private wireless networks globally. PCTEL's performance critical antenna solutions include high rejection and high performance GPS and GNSS products, the industry leading Yagi portfolio, mobile and indoor LTE, broadband, and LMR antennas and PIM-rated antennas for transit, in-building, and small cell applications. We leverage our design, logistics, and support capabilities to deliver performance critical antenna and site solutions into carrier, railroad, utility applications, oil and gas, and other vertical markets.

PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web sites: pctel.com, antenna.com, or rfsolutions.pctel.com.

PCTEL, Inc.Jack SellerPublic Relations(630) 339-2116jack.seller@pctel.com

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