CEO Vin Riera expressed the company's belief that buying back shares under the current market conditions is a judicious use of its cash reserves and an attractive opportunity to benefit shareholders.

"We are committed to delivering long-term value to our shareholders and we believe that the potential to repurchase our shares and ADSs at these levels represents a compelling opportunity to deploy ...

Riera added, "The share repurchase program, combined with our recently announced strategic initiatives, including the sale of a non-strategic business for $20 million, reflect both our confidence ...