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Short take: RadiSys adds to board, authorizes stock repurchase

Embedded computer solutions provider RadiSys has elected Jean-Pierre Patkay, a 3Com vice president, to its board of directors. Last month, the RadiSys board authorized a repurchase of $5 million in the company's common stock, arguing that the shares were undervalued and as a result were a good investment for its employee stock purchase program and option grants, according to Reuters.

Embedded computer solutions provider RadiSys has elected Jean-Pierre Patkay, a 3Com vice president, to its board of directors. Last month, the RadiSys board authorized a repurchase of $5 million in the company's common stock, arguing that the shares were undervalued and as a result were a good investment for its employee stock purchase program and option grants, according to Reuters.