JNI Corporation Announces Stock Repurchase Program - EnterpriseStorageForum.com

JNI Corporation Announces Stock Repurchase Program

Download the authoritative guide: Enterprise Data Storage 2018: Optimizing Your Storage Infrastructure

JNI(R) Corporation, a supplier of Fibre Channel host bus adapters for the enterprise storage market, this week announced that its board of directors has authorized a stock repurchase program.

Under the program, JNI may purchase up to $15 million of its common stock over the next twelve months. Shares may be repurchased in open market and private transactions at prices and times considered appropriate by the company. The program is effective immediately. JNI has approximately 27 million shares of common stock outstanding.


Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

Storage Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that enterprisestorageforum.com may send you ENTERPRISEStorageFORUM offers via email, phone and text message, as well as email offers about other products and services that ENTERPRISEStorageFORUM believes may be of interest to you. ENTERPRISEStorageFORUM will process your information in accordance with the Quinstreet Privacy Policy.

Thanks for your registration, follow us on our social networks to keep up-to-date