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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: R.S. Blum who wrote (2368)	3/18/1999 4:44:00 PM
From: leigh aulper	Respond to of 5102

Inprise Announces Repurchase of Additional One Million Shares In Stock Buy-Back Program SCOTTS VALLEY, Calif., March 18 /PRNewswire/ -- Inprise Corporation (Nasdaq: INPR - news) today announced that since January 1, 1999, it has repurchased approximately 1,000,000 shares of stock at an average price of $4.86 a share as part of a stock buy-back program authorized by its board of directors. (Photo: newscom.com ) Since July, the Company has repurchased approximately 4,500,000 shares at an average price of $5.65 out of approximately 5,900,000 shares authorized for repurchase. On July 21, 1998, the Board of Directors approved the repurchase of 1,000,000 shares, which was completed on August 10, 1998. In September, the board authorized the repurchase up to 10 percent of the Company's outstanding shares of common stock on a fully diluted basis, or approximately 5,900,000 shares, inclusive of the 1,000,000 shares repurchased in August. ''We have aggressively undertaken the buy-back of our stock over the last few months,'' said Delbert Yocam, Inprise chairman and CEO. ''We believe the repurchase of stock will help benefit stockholders by offsetting future dilution of the stock. While we have temporarily stopped repurchasing shares as we near the close of our first quarter, we intend to resume the buy-back program in the future.''

To: R.S. Blum who wrote (2368)	3/18/1999 4:45:00 PM
From: Jatin Kadakia	Read Replies (2) \| Respond to of 5102

Too bad they can not buy right now due to quiet period. Looks like the buy back had been supporting the price until they entered into the quiet period. JK