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.

July 29, 1998 6:10 p.m. PT

Embedded computer solutions provider 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.