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Short Take: Micro Warehouse authorizes stock repurchase

Micro Warehouse has authorized the repurchase of up to $10 million worth of its common stock, or 1.9 percent of its outstanding common shares. The shares, which will be purchased on the open market, will be repurchased due to the company's belief that they are undervalued, Micro Warehouse said.

Micro Warehouse has authorized the repurchase of up to $10 million worth of its common stock, or 1.9 percent of its outstanding common shares. The shares, which will be purchased on the open market, will be repurchased due to the company's belief that they are undervalued, Micro Warehouse said.