Nanometrics Announces $ 10 Million Share Repurchase Program

MILPITAS, Calif.–(BUSINESS Wire)–Nanometrics Incorporated (Nasdaq: NANO), the world’s leading provider of advanced process control systems are used primarily for Semiconductors, the Metrology, high-brightness LEDs, data storage devices and solar material, konvertiota today announced that its Board of Directors has authorized the repurchase of the company’s common position on the market of public or private, the purchase is less than or equal to 10 million dollars.
Buy-back programme is an effective immediately, you will be able to suspend or terminate at any time when using the enterprise and, therefore, be financed by the available money.October 2010 Nanometrics was 64.0 million dollars in cash and cash equivalents and around 22,2 million shares outstanding.

“In the third quarter of the year 2010, run the rest of our Nanometrics shares buy-back program in advance, we have reached a positive cash flow from investing activities. [1] [2] for a period of five consecutive quarter and continued strong financial performance and cash generation company, trust,” said Tim Stultz, President and Chief Executive Officer. “The Government’s primary objective of the new buy-back programme is in a position to offset the incentive grants at regular intervals in accordance with the regulations and restricted stock units, resulting from the implementation of the shareholder dilution. “

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