PCTEL Announces Termination of Share Repurchase Program
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI) announced that the Board of Directors has terminated the Company’s previously announced share repurchase program. The Board of Directors does not presently intend to modify the Company’s dividend policy. “Given the uncertainty surrounding the COVID-19 virus and its impact on economic and market conditions, the Board determined that it is prudent to terminate the share repurchase program,” said David Neumann, PCTEL’s Chief Executive
PCTEL Announces Termination of Share Repurchase Program
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI) announced that the Board of Directors has terminated the Company’s previously announced share repurchase program. The Board of Directors does not presently intend to modify the Company’s dividend policy. “Given the uncertainty surrounding the COVID-19 virus and its impact on economic and market conditions, the Board determined that it is prudent to terminate the share repurchase program,” said David Neumann, PCTEL’s Chief Executive