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EXHIBIT 99.2
Xircom Announces Stock Repurchase Program
Stock repurchase plan approved to offset dilution from acquisition
of Omnipoint Technologies, Inc.
THOUSAND OAKS, Calif., June 13, 2000 - Xircom, Inc. (Nasdaq: XIRC), the
leading provider of mobile information access solutions, today announced that
its Board of Directors has authorized the repurchase of up to 1.5 million shares
of its common stock, contingent upon the closing of its acquisition of Omnipoint
Technologies, Inc. (OTI), also announced today.
The stock repurchase plan is intended to offset dilution caused by the
issuance of shares and assumption of employee stock options by Xircom in
connection with its acquisition of OTI. The stock repurchases will be made over
the next several months at the discretion of Xircom management.
An analyst call will be held at 5:00 PM, Eastern Standard Time today to
discuss details of the acquisition and repurchase plan. A live webcast of the
announcement will also be available on Xircom's website at
www.xircom.com/wirelesscall.
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(more)
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Xircom Announces Stock Repurchase Program
2-2-2-2
About Xircom, Inc.
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For over a decade mobile professionals around the world have relied on
Xircom for access to their information anytime, anywhere. Xircom designs and
develops innovative solutions that connect mobile users worldwide to corporate
networks, the Internet, Intranets and other online resources. Xircom sells and
supports its products in over 100 countries through distributors, resellers,
electronic channels and global OEM partnerships. Headquartered in Thousand Oaks,
California, with regional offices in Belgium, Japan and Singapore, Xircom has
over 1,700 employees worldwide and trailing four-quarter revenue of $450
million. For more information on Xircom mobile access solutions visit
www.xircom.com, or telephone: (805) 376-9300, US Sales: (800) 438-4526,
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fax: (805) 376-9311
Xircom worldwide press contacts:
Xircom Corporate:
Cheryl Renton
Manager, Corporate Public Relations
cheryl@[email protected]
Tel. 805-376-6813
Xircom Regions:
Americas
Sally Peterson
Public Relations Manager
U.S. Customers, Channels and Vertical Markets
Latin America and Canada
sally@[email protected]
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Tel. 805-375-8892
Europe/Middle East/Africa:
Carina Govaert
Public Relations Manager
carina@[email protected]
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Tel. +32/3 450 0904
Asia Pacific:
Monica Li
Public Relations Executive
monica@[email protected]
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Tel. +65 732 5001
Japan:
Reiko Iwado
Public Relations Executive
reiko@[email protected]
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Tel: +81/(0)3 3407 0033
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This news release contains certain forward-looking statements based on current
expectations that involve a number of risks and uncertainties, which could cause
actual results to differ materially. These risks and uncertainties include the
actual closing of the acquisition of OTI, conditions in the capital markets, and
the timing of share repurchases.
Xircom is a registered trademark of Xircom, Inc. Other company or product names
have been used for identification purposes only and may be trademarks or
registered trademarks of their respective companies.
Xircom is headquartered in Thousand Oaks, Calif., and has regional headquarter
offices in Antwerp, Belgium, Tokyo, Japan and Singapore. US Sales: (800) 438-
4526. Telephone: (805) 376-9300 Fax: (805) 376-9311
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