HYDL Hydril (MM)

(NASDAQ:HYDL) Hydril's Board of Directors has authorized the Company to repurchase up to $100 million of its common stock over the next twelve months. The Company intends to repurchase its shares beginning in the second quarter of 2006, in the open market or in privately negotiated transactions based on, among other things, its ongoing capital requirements, expected cash flows, regulatory restraints, and general market conditions. Hydril Company, headquartered in Houston, Texas is engaged worldwide in engineering, manufacturing and marketing premium connections and pressure control products used for oil and gas drilling and production.