(BSNS WIRE) Track Data Corporation Completes 3 Million Share Stock Buyback;
Track Data Corporation Completes 3 Million Share Stock Buyback; Authorizes New
Buyback Of 2 Million Shares
Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 10, 2001--Track Data Corporation
(Nasdaq NMS: TRAC) made two announcements today regarding stock
buyback plans.
First, the Company announced that it recently completed its
previously announced buyback plan for 3,000,000 shares. Second, the
Company announced that its Board of Directors has authorized the
purchase of up to 2,000,000 additional shares of its common stock in
market transactions from time to time.
With the completion of its 3,000,000 share buyback, the firm has
now bought back 7,500,000 shares in the three buyback programs it has
announced since June, 2000. As of today, there are 57,604,685 shares
of Track Data common stock outstanding.
Track Data is a New York-based financial services company that
provides real-time financial market data, news, and research to
institutional and individual investors through dedicated
telecommunication lines and the Internet.
For individual investors, Track offers myTrack, a fully
integrated, Internet-based online trading and market data system.
myTrack's direct access online trading has commissions starting at
$12.95 per trade and allows users the choice of where to route their
orders. myTrack's continuous, dynamic stream of live market data is
powered by application-based software and a constant server connection
similar to systems used by professionals, making it faster than the
HTML web-based static pages offered by most of its competitors, such
as Schwab (NYSE: SCH), E*Trade (NYSE: ET), and TD Waterhouse (NYSE:
TWE). myTrack supplies free market data to its brokerage account
holders: streaming delayed quotes, company news, charting for
technical analysis, and a proprietary library of intra-day market
statistics. In addition, myTrack offers users a selection of paid data
and research, including streaming real-time quotes, Nasdaq Level II,
and Pink Sheets Level II. myTrack offers access through PCs, browser
phones, and PDAs, such as Palm Organizers (made by Palm Inc. (Nasdaq:
PALM)) and Visors (made by Handspring (Nasdaq: HAND)).
myTrack offers the first week of trading commission-free. To open
a trading account, go to mytrack.com or call 1-800-myTrack.
--30--jtp/ny*
CONTACT: Investor Relations
Track Data Corporation
Laurel Louison, 718/522-7373
laurel_louison@trackdata.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING INTERNET TELECOMMUNICATIONS
SOURCE: Track Data Corporation
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