NetApp Announces Stock Repurchase Authorization
Madrid, 14 de agosto de 2008 -- NetApp
(NASDAQ: NTAP) today announced that its board of directors approved
a new stock repurchase program in which up to $1,000,000,000 worth
of its outstanding common stock may be purchased. This approval is
in addition to approximately $96,300,000 remaining from all prior
authorizations. Under the program, NetApp can purchase shares of
common stock through open market and privately negotiated
transactions at prices deemed appropriate by management. The timing
and amount of repurchase transactions under this program will
depend on market conditions, corporate considerations, and
regulatory requirements. The purchases will be funded from
available working capital. As of July 25, 2008, NetApp had
approximately 327,000,000 shares of common stock outstanding.
NetApp creates innovative storage and data management solutions
that accelerate business breakthroughs and deliver outstanding cost
efficiency. Discover NetApp's passion for helping companies around
the world go further, faster at www.netapp.com.
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