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Technology Stocks : Business Intelligence & OLAP

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To: Sultan who wrote (84)	7/4/2001 1:29:59 PM
From: Thomas DeGagne	Read Replies (1) of 144

From the IFMX/ASCL announcement concerning the closing of the sale of the database business to IBM: siliconinvestor.com Additionally, the Company announced it has increased the size of its previously authorized stock repurchase program to $350 million from $100 million. The Company intends to repurchase its outstanding shares from time to time in the open market and through privately negotiated transactions subject to market conditions. Since the announcement of the stock repurchase program on April 26, 2001, the Company has repurchased 6,060,000 shares of common stock at an average price of $4.94. As of June 30, 2001 the company had 283,105,075 shares outstanding. The buy back should provided substantial support to the stock price. ASCL seems attractive, but I will wait to see their quarterly report before making a decision.

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