Trend Micro Announces Results of Share Buyback
30 Mars 2007 - 12:00PM
PR Newswire (US)
TOKYO, March 30 /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 March 20, 2007. 1. Purchase period From March 22,
2007 to March 30, 2007 (based on trade date) 2. Number of shares
purchased 819,000 shares 3. Aggregate cost of shares purchased
2,533,155,000 yen 4. Purchase method Transactions through the Tokyo
Stock Exchange Note: At the meeting of the Board of Directors held
on March 20, 2007, 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 1 million shares (3) Total Purchase Price: Up to
3.2 billion yen (4) Schedule: From March 22, 2007 to March 30, 2007
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 Tel: +81-3-5334-4899 Fax: +81-3-5334-4874 Email:
DATASOURCE: Trend Micro Incorporated CONTACT: Mr. Mahendra Negi,
+81-3-5334-4899, or fax, +81-3-5334-4874, or Web site:
http://www.trendmicro.com/
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