Trend Micro Announces Share Buyback Program (Under the Provisions of the Articles of Incorporation Pursuant to Article 165(2) of
20 Marzo 2007 - 8:00AM
PR Newswire (US)
TOKYO, March 20 /Xinhua-PRNewswire-FirstCall/ -- Trend Micro
(TSE:4704) ( NASDAQ: TMIC) , a leader in network antivirus and
Internet content security software and services, today announced
that its Board of Directors approved share buyback under Article
156 of the Corporation Law of Japan, as applied pursuant to Article
165(3) of the Corporation Law as described below: 1. Reason for
Share Buyback In order to respond to the changing business
environment, we are implementing a flexible capital budgeting
policy. 2. Details of the Program (1) Class of Capital Stock to be
Purchased: Shares of Common Stock (2) Number of Shares to be
Purchased: Up to 1 million shares (0.75 of the total outstanding
shares) (3) Total Purchase Price: Up to 3.2 billion yen (4)
Schedule: From March 22, 2007 to March 30, 2007 (5) Purchase
method: Transactions through the Tokyo Stock Exchange Note: As of
February 28, 2007 Total number of outstanding shares excluding
treasury shares : 132,871,659 shares Total number of treasury
shares: 4,496,845 shares Notice Regarding Forward-looking
Statements Certain statements that we make in this release are
forward-looking statements. These forward-looking statements are
based upon management's current assumptions and beliefs in light of
the information currently available to it, but involve known and
unknown risks and uncertainties. Many important factors could cause
our actual results to differ materially from those expressed in our
forward-looking statements. These factors include: -- Difficulties
in addressing new virus and other computer security problems --
Timing of new product introductions and lack of market acceptance
for our new products -- The level of continuing demand for, and
timing of sales of, our existing products -- Rapid technological
change within the antivirus software industry -- Changes in
customer needs for antivirus software -- Existing products and new
product introductions by our competitors and the pricing of those
products -- Declining prices for products and services -- The
effect of future acquisitions on our financial condition and
results of operations -- The effect of adverse economic trends on
our principal markets -- The effect of foreign exchange
fluctuations on our results of operations -- An increase in the
incidence of product returns -- The potential lack of attractive
investment targets and -- Difficulties in successfully executing
our investment strategy We assume no obligation to update any
forward-looking statements. For more details regarding risk factors
relating to our future performance, please refer to our filings
with the U.S. Securities and Exchange Commission. About Trend
Micro, Inc. Trend Micro, Inc. is a leader in network antivirus and
Internet content security software and services. The Tokyo-based
corporation has business units worldwide. Trend Micro products are
sold through corporate and value-added resellers and managed
service providers. For additional information and evaluation copies
of all Trend Micro products, visit our Web site,
http://www.trendmicro.com/ . Trend Micro, the t-ball logo,
OfficeScan, PC-cillin, and VirusWall are trademarks or registered
trademarks of Trend Micro Incorporated. TrendLabs is a service mark
of Trend Micro Incorporated. All other company or product names may
be trademarks or registered trademarks of their owners. For
additional Information Mr. Mahendra Negi Chief Operating Officer /
Chief Financial Officer / IR Officer Phone: +81-3-5334-4899 Fax:
+81-3-5334-4874 Email: DATASOURCE: Trend Micro, Inc. CONTACT:
Mahendra Negi of Trend Micro, +81-3-5334-4899, or fax,
+81-3-5334-4874, or Web site: http://www.trendmicro.com/
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