Acme Packet (APKT) +7.3% AH after announcing a $200M stock buyback plan, good for repurchasing...

|About: Acme Packet, Inc. (APKT)|By:, SA News Editor

Acme Packet (APKT) +7.3% AH after announcing a $200M stock buyback plan, good for repurchasing 18.6% of outstanding shares as of today's close. Acme, which had over $400M in cash and investments as of March 31, has been clobbered by a string of warnings and guidance cuts, the most recent of which arrived last week. (PR)