Datum Inc., a manufacturer of precision frequency...

Datum Inc., a manufacturer of precision frequency and timing instruments, said Monday that its board of directors has authorized the company to purchase up to 300,000 shares of its outstanding common stock at the company management’s discretion.

Datum President Louis B. Horwitz said, “At recent price levels, the board believes the purchase of outstanding shares constitutes an attractive use of available capital resources.” He added, “We expect purchases to be made from time to time in the open market or in block or negotiated transactions.”