CUPERTINO, Calif., April 4 /PRNewswire/ --
Rational Software Corporation (Nasdaq: RATL), the e-development company,
announced today that the company's Board of Directors has authorized the
re-purchase of up to approximately 20 million shares of the company's common
stock in the open market from time to time at the discretion of the company's
management.
This amount is in addition to company's previously announced repurchase
program in which the company's Board of Directors authorized the company to
repurchase up to 12 million shares of the company's common stock. There are
approximately 3.7 million shares remaining to be repurchased under this
authorization.
About Rational Software Corporation
Rational Software Corporation(R) (Nasdaq: RATL), the e-development
company, helps organizations develop and deploy software for e-business,
infrastructure, and devices and embedded systems through a combination of
tools, services and software engineering best practices. Rational's
e-development solution helps organizations overcome the software development
paradox by accelerating time to market while improving quality. Rational's
integrated solution simplifies the process of acquiring, deploying and
supporting a comprehensive software development platform, reducing total cost
of ownership. IDC has recognized Rational as the revenue leader in multiple
application development and deployment markets for four years in a row.
Founded in 1981, Rational, one of the world's largest software companies, had
revenues of $754 million in its twelve months ended December, 2000 and employs
more than 4,000 people around the world. Rational is a component of the
Nasdaq-100 Index(R). Additional information is available on the Internet at
http://www.rational.com .
SOURCE Rational Software Corporation
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Related links:
http://www.rational.com
CONTACT:
Timothy A. Brennan, Chief Financial Officer,
408-863-9900, or ir@rational.com, or David Henshall, Treasurer,
408-863-9900, or ir@rational.com, or media, Bill Durling,
Director of Corporate Communications, 781-372-5886, or
bdurling@rational.com, all of Rational Software Corporation
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