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Intevac announces USD30m buyback program

Intevac, Inc. (NASDAQ: IVAC) said its board of directors has authorized the repurchase of USD30m of the company´s common stock.

The program will begin to be implemented in the current quarter. The USD30m program represents over one-third of the company´s balance of cash and investments as of September 28, 2013.

Intevac was founded in 1991 and has two businesses: equipment and intevac photonics. For more information, visit the company´s website at


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