SAGA Systems, Inc. Announces Open Market Stock Repurchase
Monday June 14, 7:32 am Eastern Time
Company Press Release
SAGA Systems, Inc. Announces Open Market Stock Repurchase
RESTON, Va.--(BUSINESS WIRE)--June 14, 1999--SAGA SYSTEMS (NYSE:AGS - news), the parent company of SAGA SOFTWARE, Inc., (SAGA(tm)) announced that it will commence a open-market repurchase of up to two million shares of the company's common stock.
This component of the Company's ongoing repurchase program begins today, June 14, 1999 and will continue over an indefinite period.
According to SAGA President and CEO Dan Gillis, ''We believe that the price of AGS shares is currently undervalued and that this
initiative represents an excellent investment in the future of the Company.''
AGS closed Friday at $10 5/8 with volume of 33,700.
ABOUT SAGA SYSTEMS, INC.
Based in Reston, SAGA SYSTEMS, Inc., (NYSE:AGS - news) is the parent company of SAGA SOFTWARE, Inc. (SAGA). SAGA provides
enterprise system software and a full suite of enterprise integration solutions that support billions of mainframe transactions daily for
some of the world's largest organizations.
SAGA's suite of mission critical products and associated professional services take customers from the heart of the enterprise to the
desktop, freeing their information and leveraging their IT investment. |
