SAN RAFAEL, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK), the world's leading provider of 2D and 3D design software for
the manufacturing, building and construction and media and entertainment
markets, 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 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 2008, Autodesk repurchased
approximately 10 million shares of its common stock at an average price of
$46.06 per share.
Autodesk, Inc. is the world leader in 2D and 3D design software for the
manufacturing, building and construction, and media and entertainment markets.
Since its introduction of AutoCAD software in 1982, Autodesk has developed the
broadest portfolio of state-of-the-art digital prototyping solutions to help
customers experience their ideas before they are real. Fortune 1000 companies
rely on Autodesk for the tools to visualize, simulate and analyze real-world
performance early in the design process to save time and money, enhance
quality and foster innovation. For additional information about Autodesk,
Autodesk is a registered trademark of Autodesk, Inc., in the USA and/or
other countries. All other brand names, product names, or trademarks belong to
their respective holders.
(C) Copyright 2007 Autodesk, Inc. All rights reserved.
Contact: Caroline Kawashima, 415-547-2498
Contact: Sue Pirri, 415-507-6467
SOURCE Autodesk, Inc.
CONTACT: Caroline Kawashima, +1-415-547-2498,
email@example.com, or Sue Pirri, +1-415-507-6467,
firstname.lastname@example.org, both of Autodesk, Inc.
Web site: http://www.autodesk.com