Autodesk May Repurchase Up To 20M Shares
 SAN
RAFAEL, CA, Dec 10, 2007 - Autodesk, Inc. (NASDAQ: ADSK), the world's
leading provider of 2D and 3D design software for the manufacturing,
building and construction and media and entertainment markets, today
announced that its Board of Directors has approved the repurchase of up to
20 million shares of the company's common stock, in addition to
approximately 5 million shares remaining under previously authorized share
repurchase programs. The repurchase plan helps offset dilution from
Autodesk's equity compensation programs.
The stock repurchase authorization does not have an expiration date and
the pace and timing of repurchases will depend on factors such as levels of
cash generation from operations, the volume of stock option exercises by
employees, cash requirements for acquisitions, economic and market
conditions, stock price and legal and regulatory requirements.
In the first three quarters of fiscal 2008, Autodesk repurchased
approximately 10 million shares of its common stock at an average price of
$46.06 per share.
About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the
manufacturing, building and construction, and media and entertainment
markets. Since its introduction of AutoCAD software in 1982, Autodesk has
developed the broadest portfolio of state-of-the-art digital prototyping
solutions to help customgers experience their ideas before they are real.
Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate
and analyze real-world performance early in the design process to save time
and money, enhance quality and foster innovation. For additional information
about Autodesk, visit
http://www.autodesk.com/.
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