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This excerpt taken from the EBAY 10-Q filed Jul 28, 2006. Note 8 —
Subsequent Event
During the third quarter of 2006, eBay’s Board of Directors
authorized the repurchase of up to $2.0 billion of the
company’s common stock within the next two years. The stock
repurchase program may be limited or terminated at any time
without prior notice. Stock repurchases under this program may
be made through open market and privately negotiated
transactions at times and in such amounts as management deems
appropriate and will be funded using the company’s working
capital. The timing and actual number of shares repurchased will
depend on a variety of factors including corporate and
regulatory requirements, price and other market conditions. The
program will be designed to comply with the volume, timing and
other limitations set forth in
Rule 10b-18
under the Securities Exchange Act of 1934.
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