COGNOS FILES NOTICE FOR STOCK REPURCHASE.OTTAWA--(BUSINESS WIRE)--DECEMBER 22, 1994 -- Cognos Incorporated (TSE:CSN,NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COGNF) announced today that it had filed notice with the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. that will enable it to purchase up to 660,000 common shares (5% of those issued and outstanding) between January 11, 1995 and January 10, 1996. Purchases would be made on the Toronto Stock Exchange and The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. at prevailing open market prices and paid out of general corporate funds. The Company stated that although the filing does not represent a commitment to purchase any shares, the repurchase of shares may from time to time be a more prudent means of enhancing shareholder value than investing the Company's cash on hand in typical money market instruments Money market instruments See: Cash investments at current rates of interest. No shares will be purchased from Company insiders or their affiliates. Cognos develops, markets and supports - both directly and through resellers worldwide - advanced client/server application development and reporting tools on a wide range of open and proprietary platforms, including UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). and the Microsoft Windows desktop. Cognos is a publicly held company with dual headquarters in Ottawa, Canada and Burlington, MA. CONTACT: Cognos
Roberta J. Carlton, (617) 229-6600
Malena Abel, (613) 738-1440
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