Press Release

Friday, November 5, 1999 < Prev Next >

Visio Corporation Announces Termination of Share Repurchase Program

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.

About Visio Corp.

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.

Source page: http://www.thefreelibrary.com/Visio+Corporation+Announces+Termination+of+Share+Repurchase+Program.-a057299012