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Technology Stocks : SERENA Software, Inc. (SRNA) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey Lee who wrote (88)	8/20/1999 2:55:00 AM
From: Jeffrey Lee	Read Replies (1) \| Respond to of 123

Serena Software Announces Stock Repurchase Program PR Newswire - August 19, 1999 16:25 marketwatch.newsalert.com BURLINGAME, Calif., Aug. 19 /PRNewswire/ -- SERENA Software, Inc. (Nasdaq: SRNA) today announced that it has been authorized by its Board of Directors to institute a stock repurchase program whereby up to 400,000 shares of its Common Stock may be repurchased in the open market or in privately negotiated block transactions from time to time. Richard A. Doerr, the Company's president and chief executive officer, stated that "Our Board of Directors and management believe that repurchasing stock at current stock prices is an excellent use of cash given our solid financial condition and long term growth outlook." He noted that the Company will utilize the reacquired shares for reissuance in connection with employee stock programs and general corporate purposes.