Autodesk Raises Share Repurchase Plan Authorization
 SAN
RAFAEL,
CA,
Dec 15, 2010 - Autodesk Inc., (NASDAQ:ADSK), 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
5.5 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 2010,
Autodesk repurchased approximately 7 million
shares of its common stock at an average price
of $29.13 per share.
About Autodesk
Autodesk, Inc. is a leader in 3D design,
engineering and entertainment software.
Customers across the manufacturing,
architecture, building, construction, and media
and entertainment industries -- including the
last 15 Academy Award winners for Best Visual
Effects -- use Autodesk software to design,
visualize and simulate their ideas. Since its
introduction of AutoCAD software in 1982,
Autodesk continues to develop the broadest
portfolio of state-of-the-art software for
global markets.
For additional information about Autodesk, visit
www.autodesk.com.
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See Also
Autodesk Website
AutoCAD Reading Room - news, tutorials, reviews, more
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