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NETWORK SYSTEMS ANNOUNCES OPEN-MARKET STOCK REPURCHASE PROGRAM

 NETWORK SYSTEMS ANNOUNCES OPEN-MARKET STOCK REPURCHASE PROGRAM
 MINNEAPOLIS, May 27 /PRNewswire/ -- Network Systems Corporation (NASDAQ-NMS: NSCO) announced today that it has reinstated its November 1990 program to purchase up to five percent of its common stock, or approximately 1.7 million shares, for the company's various employee stock-based benefit plans. To date the company has not purchased any shares under this program. The company, which had approximately 30.5 million shares outstanding on March 20, 1992, intends to purchase its shares from time to time in open market transactions.
 Michael J. Fitzpatrick, president and chief executive officer, said that this action was taken because the company's prospects for future growth and its strong financial position are not adequately reflected in the current stock price.
 Network Systems Corporation, based in Minneapolis, makes high- performance networking systems. The company's stock is traded on the NASDAQ National Market System.
 -0- 5/27/92
 /CONTACT: R.A. Fisher of Network Systems, 612-424-4888/
 (NSCO) CO: Network Systems Corporation ST: Minnesota IN: CPR SU:


MA -- MN011 -- 4401 05/27/92 16:19 EDT
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Publication:PR Newswire
Date:May 27, 1992
Words:177
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