Xircom Authorizes Repurchase of Stock

Xircom Inc., the Thousand Oaks-based mobile information-access company, announced its board of directors has authorized the repurchase of an additional 1 million shares of the company’s common stock.

The stock repurchases will be made during the next several months as market conditions and other factors warrant, according to Steve DeGennaro, Xircom’s senior vice president and chief financial officer.

The authorization is in addition to the 1.5-million-share repurchase program announced in June and completed in August.

“Given the current stock price and the current financial and business performance of the company, we consider the continued repurchase of our stock an excellent investment,” DeGennaro said.