Trend Micro Announces Share Buyback Program
August 21 2006 - 8:09AM
PR Newswire (US)
Under the provisions of the Articles of Incorporation pursuant to
Article 165(2) of the Corporation Law of Japan TOKYO, Aug. 21
/Xinhua-PRNewswire-FirstCall/ -- Trend Micro (TSE:4704) ( NASDAQ:
TMIC) , a leader in network antivirus and Internet content security
software and services, today announced that its Board of Directors
approved share buyback under Article 156 of the Corporation Law of
Japan, as applied pursuant to Article 165(3) of the Corporation Law
as described below: 1. Reason for Share Buyback In order to respond
to the changing business environment, we are implementing a
flexible capital budgeting policy. 2. Details of the Program (1)
Class of Capital Stock to be Purchased: Shares of Common Stock (2)
Number of Shares to be Purchased: Up to 2 million shares (1.49% of
the total outstanding shares) (3) Total Purchase Price: Up to 7
billion yen (4) Schedule: From August 22, 2006 to September 30,
2006 (5) Purchase method: Transactions through the Tokyo Stock
Exchange Note: As of June 30, 2006 Total number of outstanding
shares (excluding treasury shares): 134,642,555 shares Total number
of treasury shares: 2,536,949 shares Notice Regarding
Forward-looking Statements Certain statements that we make in this
release are forward-looking statements. These forward-looking
statements are based upon management's current assumptions and
beliefs in light of the information currently available to it, but
involve known and unknown risks and uncertainties. Many important
factors could cause our actual results to differ materially from
those expressed in our forward-looking statements. These factors
include: -- Difficulties in addressing new virus and other computer
security problems -- Timing of new product introductions and lack
of market acceptance for our new products -- The level of
continuing demand for, and timing of sales of, our existing
products -- Rapid technological change within the antivirus
software industry -- Changes in customer needs for antivirus
software -- Existing products and new product introductions by our
competitors and the pricing of those products -- Declining prices
for products and services -- The effect of future acquisitions on
our financial condition and results of operations -- The effect of
adverse economic trends on our principal markets -- The effect of
foreign exchange fluctuations on our results of operations -- An
increase in the incidence of product returns -- The potential lack
of attractive investment targets, and -- Difficulties in
successfully executing our investment strategy We assume no
obligation to update any forward-looking statements. For more
details regarding risk factors relating to our future performance,
please refer to our filings with the U.S. Securities and Exchange
Commission. About Trend Micro Trend Micro Incorporated is a leader
in network antivirus and Internet content security software and
services. The Tokyo-based corporation has business units worldwide.
Trend Micro products are sold through corporate and value-added
resellers and managed service providers. For additional
information, visit http://www.trendmicro.com/ . For Additional
Information Mr. Mahendra Negi Chief Operating Officer / Chief
Financial Officer / IR Officer Phone: +81-3-5334-4899 Fax:
+81-3-5334-4874 Email: DATASOURCE: Trend Micro Incorporated
CONTACT: Mr. Mahendra Negi of Trend Micro, Inc., +81-3-5334-4899,
or fax, +81-3-5334-4874, or Web site: http://www.trendmicro.com/
Copyright