Evolving Systems, Inc. (EVOL) Board of Directors Authorizes Share Repurchase Program
Evolving Systems, Inc., a provider of software solutions and services to the wireless, wireline, and Internet protocol (IP) carrier markets, has announced that its Board of Directors has approved a share repurchasing program for up to $5.0 million in aggregate of the Company’s common stock. Beginning May 20, 2011 and continuing through December 31, 2011, the Company expects to make purchases from time to time at prevailing market prices either through privately negotiated transactions or in the open market. The size and the timing for these purchases, if any, will be based upon business and market conditions, as well as…