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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Stock
Repurchase Program
As announced on November 21, 2005, the Company’s Board
of Directors previously authorized the repurchase of
$250 million of the Company’s common stock in open
market transactions. During 2008, the Company repurchased
2.3 million shares of common stock at a total cost of
$60 million. Since the inception of the program, the
Company has repurchased 16.6 million shares for a total
cost of $248 million (including commissions). In April
2008, the Company’s Board of Directors authorized a
$500 million increase to repurchase the Company’s
common stock in open market transactions through March 31,
2013. Stock repurchases are expected to be funded principally
from operating cash flows. The Company may continue to
repurchase its stock as it deems appropriate and market
conditions allow.
Stock Repurchase Program As announced on November 21, 2005, the Company’s Board of Directors previously authorized the repurchase of $250 million of the Company’s common stock in open market transactions. During 2008, the Company repurchased 2.3 million shares of common stock at a total cost of $60 million. Since the inception of the program, the Company has repurchased 16.6 million shares for a total cost of $248 million (including commissions). In April 2008, the Company’s Board of Directors authorized a $500 million increase to repurchase the Company’s common stock in open market transactions through March 31, 2013. Stock repurchases are expected to be funded principally from operating cash flows. The Company may continue to repurchase its stock as it deems appropriate and market conditions allow. This excerpt taken from the WDC 10-K filed Aug 28, 2007. Stock
Repurchase Program
The Company’s Board of Directors has authorized the
repurchase of up to $250 million of the Company’s
common stock in open market transactions. Stock repurchases are
expected to be funded principally from operating cash flows.
During 2007, the Company repurchased 4.0 million shares of
common stock at a total cost of $73 million. Subsequent to
the end of 2007, the Company purchased 0.8 million shares
for approximately $16 million. Since the inception of the
program, the Company has repurchased 15.1 million shares
for a total cost of $204 million. Subject to any
limitations that may be set forth in the proposed bridge loan
facility to be entered into for the planned acquisition of
Komag, the Company may continue to repurchase its stock as it
deems appropriate and market conditions allow.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Stock
Repurchase Program
The Company’s Board of Directors has authorized the
repurchase of up to $250 million of the Company’s
common stock in open market transactions. Stock repurchases are
expected to be funded principally from operating cash flows.
During 2006, the Company repurchased 3.5 million shares of
common stock at a total cost of $53.5 million (including
commissions). Between July 1, 2006 and November 10,
2006 the Company has not repurchased any additional common
stock. Since the inception of the program, and through
November 10, 2006, the Company has repurchased
10.2 million shares for a total cost of $115 million
(including commissions). The Company may continue to repurchase
its stock as it deems appropriate and market conditions allow.
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