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Network Equipment buys back some 3.75% convertibles for $1.9 million
By Susanna Moon
Chicago, Aug. 4 - Network Equipment Technologies, Inc. paid $1.9 million in fiscal 2010 to repurchase a portion of its outstanding 3.75% convertible senior notes, according to a 10-Q filing with the Securities and Exchange Commission.
In fiscal 2009 the company paid $8.3 million to repurchase a portion of the 3.75% convertibles.
Network Equipment Technologies is a Fremont, Calif.-based voice and data communications equipment producer.
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