|Friday, November 5, 1999||< Prev||Next >|
SEATTLE, Nov. 5 /PRNewswire/ — Visio Corp. (Nasdaq: VSIO) today announced that its board of directors terminated the company's share repurchase program in light of the pending merger with Microsoft Corp.
Announced in February 1999, the repurchase program allowed a total of up to 2 million shares to be repurchased over a two-year period. The Company has repurchased 696,500 shares since the program began. No shares were repurchased in the quarter ended September 30, 1999.
Visio is the leading supplier of enterprise-wide business diagramming and technical drawing software, with an installed base of 3.5 million users worldwide. Founded in September 1990, the Seattle-based company pioneered the drawing and diagramming software market with the release of Visio 1.0 in November 1992 and has since released additional Windows-based graphics applications that offer users a unique and effective way to communicate and work. Visio's powerful product line is becoming a worldwide standard for graphical solutions in business, with the support of partner programs and third-party relationships in key market segments. Visio products are available in as many as 12 language versions and are sold in more than 45 countries.
NOTE: Visio is a registered trademark of Visio Corporation in the United States and/or other countries. All other trademarks, trade names or company names referenced herein are used for identification only and are the property of their respective owners.