Trend Micro Announces Results of Share Buyback
September 20 2006 - 7:00AM
PR Newswire (US)
TOKYO, Sept. 20 /Xinhua-PRNewswire-FirstCall/ -- Trend Micro
(TSE:4704) ( NASDAQ: TMIC) , a leader in network antivirus and
Internet content security software and services, today announced
the results of its share buyback program pursuant to Article 165(2)
of the Corporation Law of Japan. The share buyback program was
approved pursuant to a resolution adopted at a meeting of the Board
of Directors held on August 21, 2006. 1. Purchase period From
August 22, 2006 to September 20, 2006 (based on trade date) 2.
Number of shares purchased 2,000,000 shares 3. Aggregate cost of
shares purchased 6,809,730,000 yen 4. Purchase method Transactions
through the Tokyo Stock Exchange Note: At the meeting of the Board
of Directors held on August 21, 2006, the Board adopted a
resolution approving the share buyback program as follows: (1)
Class of Capital Stock to be Purchased: Shares of Common Stock (2)
Number of Shares to be Purchased: Up to 2 million shares (3) Total
Purchase Price: Up to 7 billion yen (4) Schedule: From August 22,
2006 to September 30, 2006 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/
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