March 8, 2010 (FinancialWire) — Sybase, Inc.’s (NYSE: SY) board of directors has approved the repurchase of up to an additional $150 million of the company’s outstanding common stock and the company’s notes convertible into common stock. The plan continues a repurchase program initially authorized by the board in February 1998.

With the $150 million increase, the total amount available under the company’s stock repurchase program is $233.3 million. Prior to the increase, Sybase has repurchased around $1.4 billion of its common stock and notes since 1998.

California-based Sybase offers enterprise and mobile software.

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