[May 11, 2008] Polycom OKs New Share Repurchase Program for Up to $300 Million Tweet (Wireless News Via Acquire Media NewsEdge) Polycom, a provider of unified collaborative communications solutions, announced that its board of directors has authorized up to $300 million for use in the Company's stock repurchase program. This amount is in addition to approximately $80 million remaining at the end of March 2008 from a prior authorization. The number of shares to be purchased and the timing of purchases will be based on the level of Polycom's cash balances, general business and market conditions, the dilutive effects of share-based incentive plans, and other factors, including alternative investment opportunities and working capital needs. "With our new and incremental $300M share repurchase program announced, we reaffirm our confidence in the long term value of the company and our continued focus on enhancing shareholder value," said Robert Hagerty, chairman and CEO. ((Comments on this story may be sent to [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News [ Back To TMCnet.com's Homepage ]