hamburger-nav-icon
region-flag-icon
Search by Category
Audio
Cameras
Cases & Bags
Computers
Conferencing
Content Management
Control
Displays
Furniture
Lighting & Studio
Mounts & Rigging
Networking & Cabling
Power
Presentation
Production & Lighting
Residential
Security & Safety
Signal Management
Search by Manufacturer
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Search by Category
EnglishFrenchGermanItalianPortugueseSpanish
polycom
Request
More Information
Project List
Polycom Announces New $100 Million Share Repurchase Program
Posted on Monday, May 6, 2013
SAN JOSE, Calif. - May 06, 2013: Polycom, Inc. (Nasdaq: PLCM), the global leader in open, standards-based unified communications and collaboration (UC&C), today announced that its board of directors approved a new share repurchase program authorizing up to $100 million in share repurchases, with an expiration date of May 2, 2014.  This amount is in addition to the approximately $39 million remaining as of March 31, 2013 from a prior authorization.
 
“Polycom recently launched multiple new products that we believe will extend our leadership position in the industry.  This announcement illustrates our confidence in the long-term growth of the company and our commitment to enhancing shareholder value,” said Eric Brown, Chief Operating Officer and Chief Financial Officer of Polycom.
 
The number of shares to be purchased and the timing of purchases will be based on the level of Polycom's cash balances, general business and market conditions, the dilutive effects of share based incentive plans, and other factors, including alternative investment opportunities and working capital needs.