Wind River Announces Stock Repurchase Program
ALAMEDA, Calif.--(BUSINESS WIRE)--June 28, 2002--Wind River Systems, Inc. (Nasdaq:WIND - News) today
announced that its board of directors has approved a stock repurchase program, authorizing the Company to buy back up to
$30 million of the corporation's common stock over the next two years. Repurchases will take place on the open market from
time-to-time based on market conditions.
"This repurchase plan is intended primarily to manage future dilution from employee incentive plans including options and
ESPP as well as potential dilution relating to our convertible bond," stated Mike Zellner, CFO. "With current market
conditions, we have an opportunity to buy back our shares at levels we believe don't fully reflect our long-term opportunities.
In addition to the fact that much of this plan will be funded by employee option exercises and ESPP contributions, our current
strong cash position allows us to implement this repurchase plan without adversely impacting our internal investment
programs."
About Wind River
Wind River is a worldwide leader in integrated embedded software solutions for creating reliable and innovative connected
devices. Wind River provides development tools, operating systems, and advanced connectivity software for use in products
in network infrastructure, digital consumer electronics, automotive, industrial, and aerospace/defense markets. Wind River is
How Smart Things Think(TM). Founded in 1981, Wind River is headquartered in Alameda, California, with operations
worldwide.
Wind River Systems, the Wind River Systems logo, and How Smart Things Think, VxWorks are trademarks or registered
trademarks of Wind River Systems, Inc.
Contact:
Wind River, Alameda
Tyler Painter, 510/749-2551 (Investor Relations)
tyler.painter@windriver.com
windriver.com
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