Programmer’s Paradise Repurchases Stock

Programmer’s Paradise Inc., a marketer of technical software and hardware repurchased over 1 million shares of company stock at an average price of $2.45 per share to date this year, the company said today.

The firm’s board of directors has approved the purchase of an additional 500,000 shares. CEO Bill Willett commented in a statement that the authorization reflects the “confidence management and the board have in our ongoing business.”