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JDA INVESTOR RELATIONS CONTACT:
JDA SOFTWARE GROUP, INC. Lawrence Delaney, Jr., The Berlin Group
Tel: (310) 577-5282; [email protected]
NEWS RELEASE
JDA PUBLIC RELATIONS CONTACT:
Maureen Tuskai, Director, Corporate Communications
Tel: (480) 308-3233; [email protected]
JDA SOFTWARE ANNOUNCES PLAN TO BUY BACK UP TO TWO MILLION SHARES
SCOTTSDALE, ARIZ. - OCTOBER 25, 2000 - JDA(R) SOFTWARE GROUP, INC. (NASDAQ:
JDAS) today announced that its Board of Directors has authorized a repurchase of
up to two million shares of the Company's outstanding common stock. Under the
buy-back plan, the Company may periodically repurchase shares on the open market
at prevailing market prices or in privately negotiated transactions from time to
time over the next 12 months. JDA's management will make purchase decisions
based upon market conditions and other considerations.
"We appreciate the support from our Board of Directors who believe that
JDA's shares are undervalued at the current price and do not reflect the value
of the Company's underlying assets, competitive position and current as well as
future prospects," commented KRIS MAGNUSON, SENIOR VICE PRESIDENT, CHIEF
FINANCIAL OFFICER. "With our excellent cash position, we can enhance shareholder
value by implementing this buy-back program without compromising our ability to
move forward with our growth plans."
The repurchased shares will be held as treasury shares and used in part
to reduce the dilution from the company stock option plans and employee stock
purchase plans. JDA had 24,550,000 shares outstanding as of October 24, 2000.
ABOUT JDA SOFTWARE GROUP, INC.
With more than 1,000 retail and 2,500 manufacturing clients, JDA
Software Group, Inc. (NASDAQ:JDAS) is the global leader in providing integrated
software and professional services that address real-world issues to help
multi-channel companies manage their mission critical operations. By
capitalizing on its market position and financial strength, JDA commits
significant resources in furthering its next generation of retail intelligent
solutions that exploit the power of the Internet to meet emerging business
needs. Founded in 1985, JDA is headquartered in Scottsdale, Arizona and employs
approximately 1,100 associates operating from 26 offices in major cities
throughout North America, South America, Europe, Asia and Australia. For more
information, visit JDA at http://www.jda.com.
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Forward-looking statements contained in this press release are made in
reliance upon the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Any such forward-looking statements such as those concerning
our growth plans and future prospects, are subject to risks and uncertainties
that could cause actual results to differ materially from those anticipated.
Such factors are
For Immediate Release More
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JDA Announces Stock Buy-Back Plan
described from time to time in the "Risk Factors" section of JDA's filings with
the Securities and Exchange Commission. JDA undertakes no obligation to update
information in this release.
"JDA" is a registered trademark of JDA Software Group. Any trade,
product or service name referenced in this document using the name "JDA" is a
trademark and/or property of JDA Software Group. All other trade, product, or
service names referenced in this release may be trademarks or registered
trademarks of their respective holders.
