Printer Friendly

ALDUS ANNOUNCES COMMON STOCK REPURCHASE PROGRAM

 ALDUS ANNOUNCES COMMON STOCK REPURCHASE PROGRAM
 SEATTLE, Jan. 20 /PRNewswire/ -- The board of directors of Aldus


Corp. (NASDAQ: ALDC) today announced that it has authorized the repurchase by the company of up to one million shares, or approximately seven percent of Aldus' outstanding common stock.
 Share purchases may be made from time to time in the open market or otherwise, depending on market conditions, share price and other factors. The purchases will be funded from normal working capital.
 As of Sept. 27, 1991, Aldus had approximately 14.7 million common shares of stock outstanding and $97.3 million in cash, cash equivalents and marketable securities.
 "This action today reflects the confidence of Aldus' directors and management in the prospects of the company," said Paul Brainerd, Aldus founder and president. "Our decision is based on the company's continuing profitability, our significant cash reserves, and our commitment to enhance shareholder value."
 Aldus Corp. creates computer software solutions that help people throughout the world effectively communicate information and ideas. The Aldus product line includes Aldus(R) PageMaker(R), Aldus Persuasion(R), Aldus FreeHand(R), Aldus(R) Digital Darkroom(TM), Aldus(R) Gallery Effects(TM), Aldus(R) Personal Press(TM), Aldus PhotoStyler(TM), Aldus PrePrint(R), Aldus SuperCard(R), Aldus SuperPaint(R) and Aldus(R) Super 3D(TM). The company distributes its products through an international network of more than 16,000 dealers and distributors.
 -0- 1/20/92
 /CONTACT: Mary Batterson of Aldus Corp., 206-628-2383/
 (ALDC) CO: Aldus Corp. ST: Washington IN: CPR SU:


SC-LM -- SE003 -- 1326 01/20/92 09:31 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 20, 1992
Words:260
Previous Article:COMPUTER SCIENCES CORP. WINS $744.2 MILLION CONTRACT TO BUILD COMPUTER INFORMATION SYSTEMS FOR U.S. MILITARY
Next Article:MICROCOM ANNOUNCES INDUSTRY'S FIRST V.32BIS PORTABLE MODEM
Topics:


Related Articles
ALDUS REPORTS 1991 RESULTS
ALDUS SHIPS PHOTOSTYLER 1.1A
ALDUS ANNOUNCES ENHANCEMENTS TO IMAGING CENTER PROGRAM
ALDUS ANNOUNCES SECOND-QUARTER RESULTS
ALDUS ANNOUNCES INCREASE IN COMMON-STOCK REPURCHASE PROGRAM
ALDUS BOARD OF DIRECTORS ADOPTS SHAREHOLDER RIGHTS PLAN
ALDUS ANNOUNCES THIRD-QUARTER EARNINGS, IMPROVED REVENUES
ALDUS ANNOUNCES INCREASE IN COMMON STOCK REPURCHASE PROGRAM
ALDUS REPORTS FIRST-QUARTER EARNINGS
ALDUS CORP. REPORTS IMPROVED SECOND QUARTER RESULTS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters