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HP Authorizes Additional $1 Billion for Share Repurchases.
Business Editors/High-Tech Writers
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 19, 2003
The board of directors of HP (NYSE:HPQ) today authorized an additional $1 billion for future repurchases of its outstanding shares of common stock. The company intends to use the authorization to continue its normal share repurchases, which primarily offset dilution from the issuance of shares under company employee benefit programs and also include opportunistic share repurchases.
About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totaled $71.8 billion. More information about HP is available at http://www.hp.com.
This release contains forward-looking statements that involve risks ...
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Source: HighBeam Research, HP Authorizes Additional $1 Billion for Share Repurchases.