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Article: NVIDIA Corporation Announces Stock Repurchase Program.
- Article from:
- PR Newswire
- Article date:
- August 9, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NVIDIA Corporation , today announced a stock repurchase program under which NVIDIA may purchase up to $300,000,000 of its common stock.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO )
"Our Board of Directors and management are confident in NVIDIA's ability to achieve long-term growth. We believe that the repurchase program is a good investment of available funds and underscores our commitment to enhancing stockholder value by assisting in offsetting dilution from employee stock plans," said Jen-Hsun Huang, President and Chief Executive Officer.
The repurchases will be made in the open market or in privately negotiated ...