Like It Here At 1.70WTT 1.70...I own this and like it here--
B: Wireless Telecom Group Announces Share Repurchase Program ( BusinessWire )
PARSIPPANY, N.J., Jan 17, 2008 (BUSINESS WIRE) --
Wireless Telecom Group, Inc. (AMEX: WTT) announced today that its
Board of Directors has authorized the repurchase of up to 5% of the
Company's common shares. The purchases will be made from time to time
in the open market at management's discretion. The stock repurchase
authorization does not have an expiration date and the timing and
amount of shares repurchased will be determined by a number of factors
including the levels of cash generation from operations, cash
requirements for investments, and current share price. The stock
repurchase program may be modified or discontinued at any time.
Monty Johnson, CEO of Wireless Telecom Group, Inc. stated, "We
have completed the integration of our latest acquisitions and are
generating consistently strong financial results. We believe this
program is a prudent use of available capital and that this leveraging
of our strong balance sheet will be to the benefit of our
shareholders."
Wireless Telecom Group, Inc. designs and manufactures a variety of
products serving the global wireless and telecommunications markets.
Comprised of four business groups brought together through
acquisitions, Noise Com, Boonton Electronics, Microlab/FXR, and
Willtek, the group provides a complementary suite of RF and
Microwave-based products, with a major portion focused on advanced
telecom testing. Their products include peak power meters, precision
noise generators, mobile phone testing solutions, and passive
component solutions for cellular/mobile, WiFi, satellite, and other
advanced communications networks, all critical enablers to the rapid
growth in world-wide communications and computing solutions. This
technological synergy has enabled Wireless Telecom Group, Inc. to
become a full service supplier of both the commercial and military
telecommunications industries.