UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 16, 1999
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DATASTREAM SYSTEMS, INC.
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(Exact name of Registrant as specified in Its Charter)
DELAWARE 0-25590 57-0813674
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(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
50 DATASTREAM PLAZA, GREENVILLE, SC 29605
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(Address of principle executive offices) (Zip Code)
(Telephone number of registrant) (864) 422-5001
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NOT APPLICABLE
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(Former Name, Former Address and Former Fiscal Year, if changed
since last report)
<PAGE>
ITEM 5. OTHER EVENTS
On March 16, 1999, Datastream Systems, Inc., a Delaware
corporation (the "Registrant"), announced that its board of
directors has authorized the repurchase, from time to time on the
open market, of up to 500,000 shares of the Registrant's
outstanding common stock. The Registrant plans to use the
repurchased shares for general corporate purposes, including
grants of employee stock options.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
The following exhibits are filed herewith in
accordance with the provisions of Item 601 of Regulation S-K:
Exhibit No. Description of Exhibit
99.1 Text of press release of the Registrant,
dated March 16, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
DATASTREAM SYSTEMS, INC.
Date: March 18, 1999 By: /s/ Daniel H. Christie
Daniel H. Christie
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit
99.1 Text of press release of the Registrant,
dated March 16, 1999.
<PAGE>
EXHIBIT 99.1
[GRAPHIC OMITTED]
March 16, 1999
CONTACT:
Investor Relations Inquiries Media Inquiries
Matt Brusch Daniel Teachey
Datastream Systems, Inc. Datastream Systems, Inc.
1-864-422-7682 1-864-422-5298
[email protected] [email protected]
DATASTREAM ANNOUNCES STOCK REPURCHASE PROGRAM
GREENVILLE, SC (March 16, 1999) - Datastream Systems, Inc. (Nasdaq:
DSTM) today announced that its board of directors has authorized the
repurchase, from time to time on the open market, of up to 500,000
shares of its outstanding common stock. Datastream plans to use the
repurchased shares for general corporate purposes, including grants of
employee stock options. Datastream had 19,513,711 shares of common
stock outstanding as of Friday, March 12, 1999.
Datastream Systems, Inc. is the leading* provider of Computerized
Maintenance Management Systems (CMMS) and Enterprise Asset Management
(EAM) systems aimed at improving plant efficiency, increasing
equipment uptime and reducing costs. The Company has sold over 47,000
system units worldwide, accounting for more than 55 percent of the
unit market share* in CMMS/EAM. Headquartered in Greenville, South
Carolina (USA), Datastream has offices in 10 countries and software
products in 15 languages. Datastream's customers are located in 129
countries and include over 60 percent of the Fortune 500. For more
information on Datastream, please visit our multilingual Web site at
http://www.dstm.com.
* Based on number of system units sold, as reported by Automation
Research Corporation, 1998.
# # #
This news release contains forward-looking statements which involve a
number of risks and uncertainties that could cause actual results to
differ materially from historical results or those anticipated.
Potential risks and uncertainties include, but are not limited to,
those described in the Company's Quarterly Report on Form 10-Q, filed
with the Securities and Exchange Commission for the quarter ended
September 30, 1998. With respect to such forward-looking statements,
Datastream seeks the protections afforded by the Private Securities
Litigation Reform Act of 1995.
DATASTREAM SYSTEMS, INC.
50 Datastream Plaza Greenville, South Carolina 29605
1-864-422-5001 Fax 1-864-422-5000
