Hyperion Solutions (HYSL) - An Analytical Gorilla? Message Board

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Technology Stocks : Hyperion Solutions (HYSL) - An Analytical Gorilla?

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To: Exacctnt who wrote (457)	11/27/2000 5:11:51 PM
From: Exacctnt	Read Replies (2) of 471

Hyperion announces a stock repurchase plan. Authorizes an amount up to $100 million. With a 30.1 million share float, $100M would retire over 6 million shares at today's stock price, or close to 22% of the outstanding float. I would expect them to dip their toes into the market quickly to gobble up cheap shares, then to provide support in the future. This is good news, if they do indeed repurchase shares. On the other hand, they are under no legal obligation to follow through with the announcement. biz.yahoo.com Hyperion Solutions Announces Stock Repurchase Plan SUNNYVALE, Ca.--(BUSINESS WIRE)--November 27, 2000--Hyperion (Nasdaq:HYSL - news), a leader in business analysis software, today announced that the Board of Directors has authorized a program to repurchase up to $100 million of the Company's outstanding common stock. The timing and amount of shares repurchased will be determined by the Company's management based upon its evaluation of market conditions and other factors. The Company plans to use existing cash and short-term investments to finance the repurchase. The repurchased shares will be used for the Company's stock option plans, employee stock purchase and other stock benefit plans, and for general corporate purposes.

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