Tom,
Here ya go...
NEW YORK--(BUSINESS WIRE)--May 4, 2001--Track Data Corporation
(Nasdaq NMS: TRAC.O) made two announcements today regarding stock
buyback plans. First, the Company announced that it recently completed
its previously announced buyback plan. Second, the Company announced
that its Board of Directors has authorized the purchase of up to an
additional 3,000,000 shares of its common stock in market transactions
from time to time.
"At current stock prices, we believe the purchase of our stock is
a good use of capital," said Barry Hertz, Chairman and CEO of Track
Data Corporation.
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.N), E*Trade (NYSE: ET.N), and TD Waterhouse (NYSE:
TWE). In addition to all the free data supplied to myTrack
users--streaming delayed quotes, company news, charting for technical
analysis, and a proprietary library of intra-day market
statistics--myTrack users can choose from a selection of paid data and
research, including streaming real-time quotes and Nasdaq Level II.
myTrack offers access through PCs, browser phones, and PDAs, such as
Palm Organizers (made by Palm Inc. (Nasdaq: PALM.O)) and Visors (made by
Handspring (Nasdaq: HAND.O)).
myTrack offers the first week of trading commission-free. To open
atrading account, go to mytrack.com or call 1-800-myTrack.
--30--lp/ny*
CONTACT: Track Data Corporation
Laurel Louison, 718/522-7373
Investor Relations
laurel_louison@tdc.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERNET BANKING
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