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Exhibit 99 Description
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99 Press Release
For Immediate Release
DATA TRANSLATION ANNOUNCES STOCK BUYBACK PLAN
MARLBOROUGH, MA, June 22, 2000--Data Translation, Inc. (NASDAQ: DATX)
announced today that its Board of Directors has approved the purchase of up to
$250,000 of its shares of common stock over the remainder of the year. The
purchases will be made on the open market from time to time. Purchases will be
made at prevailing prices as market conditions and cash availability permit.
Data Translation currently has 2,210,653 shares of common stock issued and
outstanding.
"This move reflects our confidence in our recent R&D efforts," said
Fred Molinari, Data Translation's Chairman, President and Chief Executive
Officer. "We believe that the Company has strengthened its position from a
product perspective and that the stock is currently undervalued and represents
an attractive investment opportunity." Mr. Molinari further noted that the
repurchased shares will be used for the Company's stock option, employee stock
purchase and other stock benefit plans, and for general corporate purchases.
Data Translation, Inc. (NASDAQ: DATX) is a world leader in the design,
manufacture and marketing of high performance data acquisition, imaging, machine
vision, and digital video hardware and software systems. Founded in 1973 and
headquartered in Marlboro, Mass., the ISO 9001-certified company has a worldwide
presence, with distribution in more than 40 countries and subsidiaries in
Germany and the UK. A commitment to open systems and total quality solutions is
the hallmark of Data Translation. For more information on the Company please
visit WWW.DATX.COM or WWW.DATX.COM/INVESTORS to request an Investor Relations
package.
Statements made herein which are not historical facts are forward
looking statements that involve certain risks and uncertainties that could cause
actual results to differ materially from those in such forward looking
statements. Potential risks and uncertainties include such factors as the
ability of the Company to meet its future capital requirements, the competitive
pricing environment of the Company's industry, consumer demand for and market
acceptance of the Company's products and other risks identified in documents
filed by the Company with the Securities and Exchange Commission.
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Contact:
Data Translation, Inc.
Michael A. DiPoto, 508/481-3700
http://www.datx.com
