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said today it will buy back up to 1 million common shares.

Currently, the company, a maker of lightweight headsets and accessories, has about 49 million shares outstanding. The company, which is based in Santa Cruz, Calif., already repurchased 1 million shares in a previous buyback program.

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On Feb. 12, Plantronics said it expects bookings and revenue for the fiscal fourth quarter to

fall below forecasts and cut its earnings projections.

Shares of Plantronics rose 8 cents, or 0.3%, to $26.90 in recent

New York Stock Exchange

composite trading.