Cornerstone buys own stock

Cornerstone (San Jose, http://www.corimage.com) has authorized the use of up to $5 million to repurchase its common stock. The repurchased stock is expected to be used to meet Cornerstone's obligations under its stock plans. Depending upon market conditions, purchases will be made with cash on the open market or in privately negotiated transactions.

"Since the first quarter of 1996 we have had three quarters of steadily improving revenues and earnings," said President Thomas van Overbeek. "Given this performance, we believe Cornerstone stock is undervalued at current levels.