CCOI » Topics » Second $50.0 Million Common Stock Buyback Program

These excerpts taken from the CCOI 10-K filed Mar 2, 2009.

Common Stock Buyback Program

        In June 2007 we used approximately $50.1 million of the net proceeds from our issuance of our Notes to repurchase approximately 1.8 million shares of our common stock. In August 2007, our board of directors approved a $50.0 million common stock buyback program. In June 2008, our board of directors approved an additional $50.0 million of purchases of our common stock under the buyback program to occur prior to December 31, 2009. In the years ended December 31, 2007 and 2008, we purchased approximately 2.2 million and 4.4 million shares of our common stock, respectively, for

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approximately $59.9 million and $59.3 million, respectively. All purchased common shares were subsequently retired. As of December 31, 2008, there was approximately $30.8 million remaining under the buyback program.

Common Stock Buyback Program



        In June 2007 we used approximately $50.1 million of the net proceeds from our issuance of our Notes to repurchase approximately
1.8 million shares of our common stock. In August 2007, our board of directors approved a $50.0 million common stock buyback program. In June 2008, our board of directors approved an
additional $50.0 million of purchases of our common stock under the buyback program to occur prior to December 31, 2009. In the years ended December 31, 2007 and 2008, we
purchased approximately 2.2 million and 4.4 million shares of our common stock, respectively, for



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HREF="#bg40301a_main_toc">Table of Contents






approximately
$59.9 million and $59.3 million, respectively. All purchased common shares were subsequently retired. As of December 31, 2008, there was approximately
$30.8 million remaining under the buyback program.



These excerpts taken from the CCOI 10-K filed Feb 27, 2008.

Second $50.0 Million Common Stock Buyback Program

        In August 2007, the Company's board of directors approved a common stock buyback program (the "Buyback Program"). Under the Buyback Program, the Company is authorized to purchase up to $50.0 million of its common stock prior to December 31, 2008. During 2007 the Company purchased approximately 446,000 shares of its common stock at an average price of $22.19 per share for approximately $9.9 million. From January 1, 2008 to February 26, 2008, the Company purchased approximately 689,000 additional shares of its common stock at an average price of $18.59 per share for approximately $12.8 million. All purchased common shares were subsequently retired.

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Second $50.0 Million Common Stock Buyback Program



        In August 2007, the Company's board of directors approved a common stock buyback program (the "Buyback Program"). Under the Buyback Program, the Company is
authorized to purchase up to $50.0 million of its common stock prior to December 31, 2008. During 2007 the Company purchased
approximately 446,000 shares of its common stock at an average price of $22.19 per share for approximately $9.9 million. From January 1, 2008 to February 26, 2008, the Company
purchased approximately 689,000 additional shares of its common stock at an average price of $18.59 per share for approximately $12.8 million. All purchased common shares were subsequently
retired.



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