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Technology Stocks : Reliability Inc (REAL)
REAL 16.22+4.1%12:59 PM EST

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To: warren harris who wrote ()3/7/2000 7:08:00 AM
From: Mats Ericsson  Read Replies (1) of 542
 
relinc.com
Tuesday February 1, 9:38 am Eastern Time
Reliability to buy back 22.6 pct of shares
HOUSTON, Feb. 1 (Reuters) - Reliability Inc., a maker of equipment to test and condition integrated circuits, said on Tuesday it would buy back 1.5 million, or 22.6 percent, of its stock.

The company said in a statement it planned to hold the repurchased shares initially as treasury stock for use in stock options or match employee contributions to the 401(k) plan, or for acquisitions.

Reliability has 6.63 million shares outstanding before the repurchase
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