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To: Sully- who wrote (53308)6/28/2002 10:31:44 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
Wind River Announces Stock Repurchase Program


ALAMEDA, Calif., Jun 28, 2002 (BUSINESS WIRE) -- Wind River Systems, Inc. (NASDAQ:WIND) today announced that its board of directors has approved a stock repurchase program, authorizing the Company to buy back up to $30 million of the corporation's common stock over the next two years. Repurchases will take place on the open market from time-to-time based on market conditions.
"This repurchase plan is intended primarily to manage future dilution from employee incentive plans including options and ESPP as well as potential dilution relating to our convertible bond," stated Mike Zellner, CFO. "With current market conditions, we have an opportunity to buy back our shares at levels we believe don't fully reflect our long-term opportunities. In addition to the fact that much of this plan will be funded by employee option exercises and ESPP contributions, our current strong cash position allows us to implement this repurchase plan without adversely impacting our internal investment programs."

About Wind River

Wind River is a worldwide leader in integrated embedded software solutions for creating reliable and innovative connected devices. Wind River provides development tools, operating systems, and advanced connectivity software for use in products in network infrastructure, digital consumer electronics, automotive, industrial, and aerospace/defense markets. Wind River is How Smart Things Think(TM). Founded in 1981, Wind River is headquartered in Alameda, California, with operations worldwide.

Wind River Systems, the Wind River Systems logo, and How Smart Things Think, VxWorks are trademarks or registered trademarks of Wind River Systems, Inc.

CONTACT: Wind River, Alameda Tyler Painter, 510/749-2551 (Investor Relations) tyler.painter@windriver.com windriver

URL: businesswire Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.

Copyright (C) 2002 Business Wire. All rights reserved.



To: Sully- who wrote (53308)6/28/2002 2:54:29 PM
From: stockman_scott  Respond to of 65232
 
OLDTRADER provides a perspective on your good friend Mr. Fastow...

Message 17670411