Autodesk to Repurchase Shares; Additional 4 Million Shares to be Made Available.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--Dec. 20, 1995--Autodesk, Inc., today announced that its Board of Directors approved a continuation of the Company's stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. Under this program, the Company may repurchase an additional 4 million shares of its Common Stock in the open market. The primary purpose of the Autodesk stock repurchase program is to help offset the dilution to earnings per share that is caused by the issuance of stock under its employee stock plans. Since Autodesk initiated its stock repurchase program in December 1991, the Company has spent more than $300 million to repurchase nearly 12 million shares. "I'm pleased that the Board has authorized additional shares. This repurchase program continues to add value to our shareholders while meeting our goals of reducing dilution by employee stock options," said Carol Bartz, Autodesk President, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Autodesk is the world's leading supplier of PC and UNIX-based design software and PC multimedia tools. The company's 2D and 3D products and data management tools are used in many industries for architectural design, mechanical design, film-making, videography vid·e·og·ra·phy n. The art or practice of using a video camera. vid  e·og and geographic information systems. The fourth largest PC software company in the world, Autodesk has 3 million customers in 129 countries. Autodesk products are sold through Autodesk Systems Centers, Dealers and Distributors worldwide. For more information on Autodesk, please call 415/507-5000, type GO ADESK, on CompuServe, or log-in with a World Wide Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. at http://www.autodesk.com. -0- NOTE TO EDITORS: Autodesk, the Autodesk logo and AutoCAD are registered trademarks of Autodesk, Inc. ACAD ACAD Academy ACAD Academic ACAD AutoCAD (design/drafting development software by Autodesk) ACAD Acadia National Park (US National Park Service) ACAD Atherosclerotic Coronary Artery Disease is a trademark of Autodesk, Inc. All other brand and product names mentioned are the service marks, trademarks or registered trademarks of their respective owners. CONTACT: Autodesk, Inc., San Rafael Christine Tsingos, 415/507-6704 |
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