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Technology Stocks : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?

To: Investor Clouseau who wrote (1915)	3/20/2001 1:29:51 PM
From: Investor Clouseau	Respond to of 2005

TRAC Completes Stock Buyback;Authorizes New Buyback of 2.5 Million Shares NEW YORK--(BUSINESS WIRE)--March 20, 2001--Track Data Corporation (Nasdaq NMS: TRAC - news) made two announcements today regarding stock buyback plans. First, the Company announced that it recently completed the repurchase of 2,000,000 of its shares in the open market, pursuant to its previously announced buyback plan. Second, the Company announced that its Board of Directors has authorized the purchase of up to an additional 2,500,000 shares of its common stock in market transactions from time to time. ``With the solid earnings we recently announced and the current stock price, 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 - news), E*Trade (NYSE: ET - news), and TD Waterhouse (NYSE: TWE - news). 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 - news)) and Visors (made by Handspring (Nasdaq: HAND - news)). myTrack offers the first week of trading commission-free. To open a trading account, go to mytrack.com or call 1-800-myTrack. -------------------------------------------------------------------------------- Contact: Track Data Corporation, Brooklyn Laurel Louison, 718/522-7373 Investor Relations laurel_louison@tdc.com Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Track Data Corp (NasdaqNM:TRAC - news) Related News Categories: banking, computers, internet, publishing, telecom --------------------------------------------------------------------------------