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To: Ibexx who wrote (104801)9/14/2001 11:35:46 PM
From: Ibexx  Read Replies (1) | Respond to of 152472
 
Friday September 14, 9:42 pm Eastern Time
BEA Systems says board OKs $100 mln share buyback

SAN JOSE, Sept 14 (Reuters) - Software company BEA Systems Inc. (NasdaqNM:BEAS - news) on Friday said its board approved a buyback of up to $100 million of its common stock.

The San Jose-based company currently has about 394 million shares outstanding, according to Standard & Poor's data.

BEA said the repurchased shares would be used for ``general corporate purposes,'' including requirements for its employee stock option and purchase plans.