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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (5723)	9/26/2001 10:14:48 AM
From: Dealer	Read Replies (1) \| Respond to of 5843

RealNetworks announces $50 mln share buyback program SEATTLE, Sept 24 (Reuters) - Internet media software provider RealNetworks Inc. (NasdaqNM:RNWK - news) said on Monday its board approved a plan to buy back up to $50 million of its outstanding common shares. Seattle-based RealNetworks made its announcement shortly after markets closed. The company's shares ended at $4.02, up 68 cents or 20.4 percent, on the day, and up 23.3 percent from a 52-week-low of $3.26. RealNetworks, its shares down more than 90 percent from a 52-week-high of $42, joined a growing list of companies announcing buyback programs in the wake of new government rules issued to help stock markets after the Sept. 11 attacks on U.S. monuments. RealNetworks said any purchases of common stock under its share repurchase plan will be made in the open market, through block trades or otherwise. The company also said that depending on market conditions and other factors, share buybacks may be started or suspended at any time without prior notice. RealNetworks said that as of Monday, it had about 161.5 million shares outstanding. ``Our strong cash position provides us with an opportunity to repurchase shares, and today we are taking advantage of that opportunity,'' said Rob Glaser, the company's chairman and chief executive.