PictureTel (PCTL) Message Board

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Technology Stocks : PictureTel (PCTL)

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Aug 4 2:00 PM EST

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To: margin_man who wrote (813)	10/30/1998 1:15:00 PM
From: StormRider	Read Replies (1) of 920

PictureTel Board Approves Buyback of Up to 1 Million Shares Thursday October 29, 4:16 pm Eastern Time ANDOVER, Mass.--(BUSINESS WIRE)--Oct. 29, 1998--PictureTel Corporation (Nasdaq:PCTL - news), the world leader in visual collaboration, today announced that its board of directors has authorized the repurchase of up to 1 million common shares, for use in the company's stock-option programs and other corporate purposes. The shares may be purchased from time to time in open-market or block transactions, or otherwise as market and business conditions warrant. PictureTel currently has approximately 38.5 million common shares outstanding. PictureTel Corporation is the world leader in developing, manufacturing and marketing a full range of visual- and audio-collaboration solutions. The company's systems meet customers' collaboration needs from the desktop to the boardroom. PictureTel also markets network conferencing servers and a comprehensive portfolio of enterprise-wide services. Additional PictureTel information is available on the Internet at www.picturetel.com. PictureTel collaboration products and services eliminate the barrier of distance, enabling people to be Anywhere Now(TM). PictureTel is a registered trademark and Anywhere Now is a trademark of PictureTel Corporation.

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