IBM to Repurchase Up to $1 Billion of Stock

Trends

Tools

Typography

Smaller Small Medium Big Bigger
Default Helvetica Segoe Georgia Times
Reading Mode

IBM has announced that it plans to repurchase up to $1 billion of its outstanding common stock in open market transactions by the end of February 2008.

These repurchases, originally planned for March and April of 2008, are in addition to a $12.5 billion accelerated share repurchase announced earlier this year.

"These stock repurchases are enabled by IBM’s strong, consistent cash flow and are an important way of returning value to IBM shareholders," said Samuel J. Palmisano, IBM chairman, president and chief executive officer. "They are an element of our long-term roadmap for earnings per share growth through 2010 and also represent a good value at today’s prices."

In April the IBM board of directors authorized $15 billion for the company’s stock repurchase program. In May IBM announced it would repurchase $12.5 billion of its outstanding common stock from three banks through accelerated share repurchase agreements that will conclude at the end of February 2008.

At the end of September, IBM had approximately $1.7 billion remaining for stock repurchases from the April authorization.

Additional information about this share repurchase activity is available at IBM’s investor web site at:
IBM Investor Relations

IBM Corporation

Email

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.
For more information, visit: www.ibm.com.

More Articles By This Author
IBM Unveils End-to-End Quantum-Safe Technology to Safeguard Governments' and Businesses' Most-Valuab...
Created: 2023-05-10 18:47:47
Category: Analytics & Cognitive News
Company debuts IBM Quantum Safe Roadmap alongside portfolio of technology to simplify and enable com...
IBM Unveils the Watsonx Platform to Power Next-Generation Foundation Models for Business
Created: 2023-05-09 18:03:33
Category: Analytics & Cognitive News
- Watsonx is a new platform to be released for foundation models and generative AI, offering a studi...
IBM Board Approves Increase in Quarterly Cash Dividend for the 28th Consecutive Year
Created: 2023-05-01 18:30:20
Category: Commerce News
The IBM board of directors today declared an increase in the regular quarterly cash dividend to $1.6...
Related Articles
IBM Unveils the Watsonx Platform to Power Next-Generation Foundation Models for Business
Created: 2023-05-09 18:03:33
Category: Analytics & Cognitive News
- Watsonx is a new platform to be released for foundation models and generative AI, offering a studi...
IBM Launches New QRadar Security Suite to Speed Threat Detection and Response
Created: 2023-04-24 16:45:00
Category: Analytics & Cognitive News
Modernized, unified interface streamlines analyst response across full attack lifecycle Sophisticate...
IBM Furthers Flexibility, Sustainability and Security within the Data Center with New IBM z16 and Li...
Created: 2023-04-04 17:38:54
Category: IT Infrastructure News
New IBM z16 and IBM LinuxONE Rockhopper 4 options are designed to provide a modern, flexible hybrid ...

IBM has announced that it plans to repurchase up to $1 billion of its outstanding common stock in open market transactions by the end of February 2008.

These repurchases, originally planned for March and April of 2008, are in addition to a $12.5 billion accelerated share repurchase announced earlier this year.

"These stock repurchases are enabled by IBM’s strong, consistent cash flow and are an important way of returning value to IBM shareholders," said Samuel J. Palmisano, IBM chairman, president and chief executive officer. "They are an element of our long-term roadmap for earnings per share growth through 2010 and also represent a good value at today’s prices."

In April the IBM board of directors authorized $15 billion for the company’s stock repurchase program. In May IBM announced it would repurchase $12.5 billion of its outstanding common stock from three banks through accelerated share repurchase agreements that will conclude at the end of February 2008.

At the end of September, IBM had approximately $1.7 billion remaining for stock repurchases from the April authorization.

Additional information about this share repurchase activity is available at IBM’s investor web site at:
IBM Investor Relations

IBM Corporation

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.

For more information, visit: www.ibm.com.

LATEST COMMENTS

Support MC Press Online

Select Your Contribution Amount
$ 12.00 $ 24.00 $ 36.00 $ 48.00 $

RESOURCE CENTER

WHITE PAPERS
WEBCAST
TRIAL SOFTWARE

White Paper: Node.js for Enterprise IBM i Modernization

If your business is thinking about modernizing your legacy IBM i (also known as AS/400 or iSeries) applications, you will want to read this white paper first!

Download this paper and learn how Node.js can ensure that you:
- Modernize on-time and budget - no more lengthy, costly, disruptive app rewrites!
- Retain your IBM i systems of record
- Find and hire new development talent
- Integrate new Node.js applications with your existing RPG, Java, .Net, and PHP apps
- Extend your IBM i capabilties to include Watson API, Cloud, and Internet of Things

Read Node.js for Enterprise IBM i Modernization Now!
Profound Logic Solution Guide

More than ever, there is a demand for IT to deliver innovation.
Your IBM i has been an essential part of your business operations for years. However, your organization may struggle to maintain the current system and implement new projects.
The thousands of customers we've worked with and surveyed state that expectations regarding the digital footprint and vision of the companyare not aligned with the current IT environment.

Get your copy of this important guide today!
2022 IBM i Marketplace Survey Results

2022 marks the eighth edition of the IBM i Marketplace Survey Results. Each year, Fortra captures data on how businesses use the IBM i platform and the IT and cybersecurity initiatives it supports.

Over the years, this survey has become a true industry benchmark, revealing to readers the trends that are shaping and driving the market and providing insight into what the future may bring for this technology.
Brunswick bowls a perfect 300 with LANSA!

Brunswick is the leader in bowling products, services, and industry expertise for the development and renovation of new and existing bowling centers and mixed-use recreation facilities across the entertainment industry. However, the lifeblood of Brunswick’s capital equipment business was running on a 15-year-old software application written in Visual Basic 6 (VB6) with a SQL Server back-end. The application was at the end of its life and needed to be replaced.
With the help of Visual LANSA, they found an easy-to-use, long-term platform that enabled their team to collaborate, innovate, and integrate with existing systems and databases within a single platform.
Read the case study to learn how they achieved success and increased the speed of development by 30% with Visual LANSA.
The Power of Coding in a Low-Code Solution

When it comes to creating your business applications, there are hundreds of coding platforms and programming languages to choose from. These options range from very complex traditional programming languages to Low-Code platforms where sometimes no traditional coding experience is needed.
Download our whitepaper, The Power of Writing Code in a Low-Code Solution, and:
- Discover the benefits of Low-code's quick application creation
- Understand the differences in model-based and language-based Low-Code platforms
- Explore the strengths of LANSA's Low-Code Solution to Low-Code’s biggest drawbacks
Why Migrate When You Can Modernize?

Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.
In this white paper, you’ll learn how to think of these issues as opportunities rather than problems. We’ll explore motivations to migrate or modernize, their risks and considerations you should be aware of before embarking on a (migration or modernization) project.
Lastly, we’ll discuss how modernizing IBM i applications with optimized business workflows, integration with other technologies and new mobile and web user interfaces will enable IT – and the business – to experience time-added value and much more.
UPDATED: Developer Kit: Making a Business Case for Modernization and Beyond

Having trouble getting management approval for modernization projects? The problem may be you're not speaking enough "business" to them.

This Developer Kit provides you study-backed data and a ready-to-use business case template to help get your very next development project approved!
What to Do When Your AS/400 Talent Retires

IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators is small.

This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn:
- Why IBM i skills depletion is a top concern
- How leading organizations are coping
- Where automation will make the biggest impact

Next Previous

Node.js on IBM i Webinar Series Pt. 2: Setting Up Your Development Tools

Have you been wondering about Node.js? Our free Node.js Webinar Series takes you from total beginner to creating a fully-functional IBM i Node.js business application. In Part 2, Brian May teaches you the different tooling options available for writing code, debugging, and using Git for version control. Attend this webinar to learn:
- Different tools to develop Node.js applications on IBM i
- Debugging Node.js
- The basics of Git and tools to help those new to it
- Using NodeRun.com as a pre-built development environment
Expert Tips for IBM i Security: Beyond the Basics

In this session, IBM i security expert Robin Tatam provides a quick recap of IBM i security basics and guides you through some advanced cybersecurity techniques that can help you take data protection to the next level. Robin will cover:
- Reducing the risk posed by special authorities
- Establishing object-level security
- Overseeing user actions and data access
Don't miss this chance to take your knowledge of IBM i security beyond the basics.
5 IBM i Security Quick Wins

In today’s threat landscape, upper management is laser-focused on cybersecurity. You need to make progress in securing your systems—and make it fast.
There’s no shortage of actions you could take, but what tactics will actually deliver the results you need? And how can you find a security strategy that fits your budget and time constraints?
Join top IBM i security expert Robin Tatam as he outlines the five fastest and most impactful changes you can make to strengthen IBM i security this year.
Your system didn’t become unsecure overnight and you won’t be able to turn it around overnight either. But quick wins are possible with IBM i security, and Robin Tatam will show you how to achieve them.
Security Bulletin: Malware Infection Discovered on IBM i Server!

Malicious programs can bring entire businesses to their knees—and IBM i shops are not immune. It’s critical to grasp the true impact malware can have on IBM i and the network that connects to it. Attend this webinar to gain a thorough understanding of the relationships between:
- Viruses, native objects, and the integrated file system (IFS)
- Power Systems and Windows-based viruses and malware
- PC-based anti-virus scanning versus native IBM i scanning
There are a number of ways you can minimize your exposure to viruses. IBM i security expert Sandi Moore explains the facts, including how to ensure you're fully protected and compliant with regulations such as PCI.
Encryption on IBM i Simplified

DB2 Field Procedures (FieldProcs) were introduced in IBM i 7.1 and have greatly simplified encryption, often without requiring any application changes. Now you can quickly encrypt sensitive data on the IBM i including PII, PCI, PHI data in your physical files and tables.
Watch this webinar to learn how you can quickly implement encryption on the IBM i. During the webinar, security expert Robin Tatam will show you how to:
- Use Field Procedures to automate encryption and decryption
- Restrict and mask field level access by user or group
- Meet compliance requirements with effective key management and audit trails
Lessons Learned from IBM i Cyber Attacks

Despite the many options IBM has provided to protect your systems and data, many organizations still struggle to apply appropriate security controls.
In this webinar, you'll get insight into how the criminals accessed these systems, the fallout from these attacks, and how the incidents could have been avoided by following security best practices.
- Learn which security gaps cyber criminals love most
- Find out how other IBM i organizations have fallen victim
- Get the details on policies and processes you can implement to protect your organization, even when staff works from home
You will learn the steps you can take to avoid the mistakes made in these examples, as well as other inadequate and misconfigured settings that put businesses at risk.
The Power of Coding in a Low-Code Solution

When it comes to creating your business applications, there are hundreds of coding platforms and programming languages to choose from. These options range from very complex traditional programming languages to Low-Code platforms where sometimes no traditional coding experience is needed.
Download our whitepaper, The Power of Writing Code in a Low-Code Solution, and:
- Discover the benefits of Low-code's quick application creation
- Understand the differences in model-based and language-based Low-Code platforms
- Explore the strengths of LANSA's Low-Code Solution to Low-Code’s biggest drawbacks
The Biggest Mistakes in IBM i Security

The Biggest Mistakes in IBM i Security
Here’s the harsh reality: cybersecurity pros have to get their jobs right every single day, while an attacker only has to succeed once to do incredible damage.
Whether that’s thousands of exposed records, millions of dollars in fines and legal fees, or diminished share value, it’s easy to judge organizations that fall victim. IBM i enjoys an enviable reputation for security, but no system is impervious to mistakes.
Join this webinar to learn about the biggest errors made when securing a Power Systems server.
This knowledge is critical for ensuring integrity of your application data and preventing you from becoming the next Equifax. It’s also essential for complying with all formal regulations, including SOX, PCI, GDPR, and HIPAA
Watch Now.

Next Previous

Comply in 5! Well, actually UNDER 5 minutes!!

TRY the one package that solves all your document design and printing challenges on all your platforms.

Produce bar code labels, electronic forms, ad hoc reports, and RFID tags – without programming! MarkMagic is the only document design and print solution that combines report writing, WYSIWYG label and forms design, and conditional printing in one integrated product.

Request your trial now!
Backup and Recovery on IBM i: Your Strategy for the Unexpected

Robot automates the routine tasks of iSeries backup and recovery, saving you time and money and making the process safer and more reliable. Automate your backups with the Robot Backup and Recovery Solution. Key features include:
- Simplified backup procedures
- Easy data encryption
- Save media management
- Guided restoration
- Seamless product integration
Make sure your data survives when catastrophe hits. Try the Robot Backup and Recovery Solution FREE for 30 days.
Manage IBM i Messages by Exception with Robot

Managing messages on your IBM i can be more than a full-time job if you have to do it manually. How can you be sure you won’t miss important system events?
Automate your message center with the Robot Message Management Solution. Key features include:
- Automated message management
- Tailored notifications and automatic escalation
- System-wide control of your IBM i partitions
- Two-way system notifications from your mobile device
- Seamless product integration
Try the Robot Message Management Solution FREE for 30 days.
Easiest Way to Save Money? Stop Printing IBM i Reports

Robot automates report bursting, distribution, bundling, and archiving, and offers secure, selective online report viewing.
Manage your reports with the Robot Report Management Solution. Key features include:

- Automated report distribution
- View online without delay
- Browser interface to make notes
- Custom retention capabilities
- Seamless product integration
Rerun another report? Never again. Try the Robot Report Management Solution FREE for 30 days.
Hassle-Free IBM i Operations around the Clock

For over 30 years, Robot has been a leader in systems management for IBM i.
Manage your job schedule with the Robot Job Scheduling Solution. Key features include:
- Automated batch, interactive, and cross-platform scheduling
- Event-driven dependency processing
- Centralized monitoring and reporting
- Audit log and ready-to-use reports
- Seamless product integration
Scale your software, not your staff. Try the Robot Job Scheduling Solution FREE for 30 days.

Next Previous

Home

Tools

Typography

Share This

LATEST COMMENTS

MC Press Online

Support MC Press Online

RESOURCE CENTER

WHITE PAPERS

WEBCAST

TRIAL SOFTWARE

White Paper: Node.js for Enterprise IBM i Modernization

Profound Logic Solution Guide

2022 IBM i Marketplace Survey Results

Brunswick bowls a perfect 300 with LANSA!

The Power of Coding in a Low-Code Solution

Why Migrate When You Can Modernize?

UPDATED: Developer Kit: Making a Business Case for Modernization and Beyond

What to Do When Your AS/400 Talent Retires

Node.js on IBM i Webinar Series Pt. 2: Setting Up Your Development Tools

Expert Tips for IBM i Security: Beyond the Basics

5 IBM i Security Quick Wins

Security Bulletin: Malware Infection Discovered on IBM i Server!

Encryption on IBM i Simplified

Lessons Learned from IBM i Cyber Attacks

The Power of Coding in a Low-Code Solution

The Biggest Mistakes in IBM i Security

Comply in 5! Well, actually UNDER 5 minutes!!

Backup and Recovery on IBM i: Your Strategy for the Unexpected

Manage IBM i Messages by Exception with Robot

Easiest Way to Save Money? Stop Printing IBM i Reports

Hassle-Free IBM i Operations around the Clock

MC Press Users

Explore

Advertise

Help

Articles

Resources

Social