Check Point Software Technologies Ltd - Report of Foreign Issuer (6-K)
March 26 2008 - 2:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign
Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of March,
2008
Commission File Number
0-28584
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CHECK POINT SOFTWARE TECHNOLOGIES LTD.
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(Translation of registrant's name into English)
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5 Ha'solelim Street, Tel Aviv, Israel
(Address of principal executive offices)
Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1)
only permits the submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7)
only permits the submission in paper of a Form 6-K if submitted to furnish a report or
other document that the registrant foreign private issuer must furnish and make public
under the laws of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrants home country), or under the rules of
the home country exchange on which the registrants securities are traded, as long as
the report or other document is not a press release, is not required to be and has not
been distributed to the registrants security holders, and, if discussing a material
event, has already been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
Indicate by check mark whether the
registrant by furnishing the information contained in this Form, is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
o
No
x
If Yes is marked,
indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82- ________
FOR IMMEDIATE RELEASE
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INVESTOR CONTACT:
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MEDIA CONTACT:
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Kip E. Meintzer
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Gregory Kunkel
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Check Point Software Technologies
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Check Point Software Technologies
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+1 650.628.2040
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+1 650.628.2070
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ir@us.checkpoint.com
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press@us.checkpoint.com
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CHECK POINT SOFTWARE EXPANDS SHARE REPURCHASE PROGRAM BY $400 MILLION
REDWOOD CITY, Calif.- March 26,
2008
Check Point Software Technologies Ltd. (Nasdaq: CHKP), the worldwide
leader in securing the Internet, today announced that its board of directors has
authorized the repurchase of up to an additional $400 million of its outstanding common
stock in the open market or through privately negotiated transactions.
Under
the repurchase program, share purchases may be made from time to time depending on market
conditions, share price, trading volume and other factors. Such purchases will be made in
accordance with the requirements of the Securities and Exchange Commission. For a portion
of the authorized repurchase amount, Check Point may enter into a plan that is compliant
with Rule 10b5-1 of the United States Securities Exchange Act of 1934 that is designed to
facilitate these purchases. The repurchase program has no time limit, does not require
Check Point to acquire a specific number of shares, and may be suspended from time to time
or discontinued. The share repurchases will be funded from available working capital. As
of December 31, 2007, Check Point has approximately 219 million shares of common stock
outstanding.
Since
its initial share repurchase program announced in October 2003 through December 31, 2007,
Check Point has purchased approximately 54.8 million shares for a total of approximately
$1.1 billion.
About Check Point
Software Technologies Ltd.
Check Point Software Technologies
Ltd. (
www.checkpoint.com
) is the leader in securing the Internet. Check Point
offers total security solutions featuring a unified gateway, single endpoint agent and
single management architecture, customized to fit customers dynamic business needs.
We are unique in this offering as a result of our leadership and innovation in the
enterprise firewall, personal firewall/endpoint, data security and VPN markets,
Check Points pure focus is on
information security. Through its NGX platform, Check Point delivers a unified security
architecture to protect business communications and resources, including corporate
networks and applications, remote employees, branch offices and partner extranets. The
company also offers market-leading endpoint and data security solutions with Check Point
Endpoint Security products, protecting and encrypting sensitive corporate information
stored on PCs and other mobile computing devices. Check Points award-winning
ZoneAlarm solutions protect millions of consumer PCs from hackers, spyware and identity
theft. Check Point solutions are sold, integrated and serviced by a network of Check Point
partners around the world and its customers include 100 percent of Fortune 100 companies
and tens of thousands of businesses and organizations of all sizes.
Signatures
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
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CHECK POINT SOFTWARE TECHNOLOGIES LTD.
By: /s/ John Slavitt
John Slavitt
General Counsel
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March 26, 2008
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