IBM To Repurchase up to $1 Billion of Stock

ARMONK, N.Y.—(BUSINESS WIRE)—December 3, 2007— IBM (NYSE: IBM) announced today that it plans to repurchase up to $1 billion of its outstanding common stock in open market transactions by the end of February 2008.

These repurchases, originally planned for March and April of 2008, are in addition to a $12.5 billion accelerated share repurchase announced earlier this year.

"These stock repurchases are enabled by IBM's strong, consistent cash flow and are an important way of returning value to IBM shareholders," said Samuel J. Palmisano, IBM chairman, president and chief executive officer. "They are an element of our long-term roadmap for earnings per share growth through 2010 and also represent a good value at today's prices."

In April the IBM board of directors authorized $15 billion for the company's stock repurchase program. In May IBM announced it would repurchase $12.5 billion of its outstanding common stock from three banks through accelerated share repurchase agreements that will conclude at the end of February 2008.

At the end of September, IBM had approximately $1.7 billion remaining for stock repurchases from the April authorization.

Additional information about this share repurchase activity is available at IBM's investor web site at:


Edward Barbini, 914-499-6565
Email Contact
John Bukovinsky, 732-618-3531
Email Contact

Review Article Be the first to review this article
Autodesk - DelCAM

Featured Video
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Apple Adding To Computer Product Line Minus Ports
Currently No Featured Jobs
Upcoming Events
Electric&Hybrid Aerospace Technology Symposium 2016 at Conference Centre East. Koelnmesse (East Entrance) Messeplatz 1 Cologne Germany - Nov 9 - 10, 2016
Autodesk University Las Vegas at Las Vegas NV - Nov 15 - 17, 2016
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
SolidCAM: Program your CNCs directly inside your existing CAD system.
TurboCAD pro : Limited Time offer

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise