Log In | Become a Member | Contact Us

Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

HP Authorizes Additional $4 Billion for Share Repurchases

Friday, August 26, 2005

Press release from the issuing company

PALO ALTO, Calif.--Aug. 25, 2005-- The board of directors of HP today authorized an additional $4 billion for future repurchases of its outstanding shares of common stock. The company intends to offset dilution from the issuance of shares under employee benefit plans, as well as to use the authorization to repurchase shares opportunistically as a means of returning cash to its shareholders. In the three fiscal quarters ended July 31, HP repurchased $2.1 billion of its shares, with approximately $0.8 billion of repurchase authorization remaining under the $3 billion repurchase program approved in September 2004.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved