Forrester Research, Inc. (Nasdaq: FORR) today announced that its board of directors has authorized the repurchase of up to $50.0 million of its common stock. The shares may be purchased from time to time in open market or privately negotiated transactions. The shares repurchased will be used, among other things, in connection with Forrester’s employee stock option and stock purchase plans and for potential acquisitions. As of September 30, 2001, Forrester had approximately 22,834,000 shares of common stock outstanding.
In a separate news release issued earlier this morning, Forrester also announced its third-quarter 2001 financial results.