DDi Corp. Increases Share Repurchase Authorization
ANAHEIM, Calif.--(BUSINESS WIRE)--DDi Corp. (NASDAQ:DDIC), a leading provider of time-critical, technologically advanced printed circuit board engineering and manufacturing services, today announced that its Board of Directors amended the company's share repurchase program to increase the maximum number of shares of its common stock authorized to be repurchased by 500,000 shares from 1.5 million shares to 2.0 million shares. To date, the Company has repurchased 1.3 million shares since the inception of the program in August 2007.
The repurchases under the program have been and will continue to be made in open market or privately negotiated transactions in compliance with SEC Rule 10b-18, subject to market conditions, levels of cash generated from operations, cash requirements for operations and capital expenditures, applicable legal and regulatory requirements and other factors. The stock repurchase authorization does not have an expiration date, and the stock repurchase program may be modified or discontinued at any time.
About DDi
DDi is a leading provider of time-critical, technologically advanced, electronics manufacturing services. Headquartered in Anaheim, California, DDi and its subsidiaries offer PCB engineering, fabrication and manufacturing services to leading electronics OEMs and contract manufacturers worldwide from its facilities across North America and with manufacturing partners in Asia.
