ePlus Increases Stock Repurchase Program
HERNDON, VA March 2, 2005 ePlus inc. (Nasdaq NM: PLUS news)
announced today that it has amended its stock repurchase program to
increase the cumulative maximum repurchases during the twelve month
period ending November 17, 2005 to $12,500,000 from the prior
cumulative maximum amount of $7,500,000. All other terms of the
stock repurchase program announced by press release on November 18,
2004 remain the same.
In particular, the purchases may be made from time to time in the
open market, or in privately negotiated transactions, subject to
availability, at prices deemed appropriate by management.
Furthermore, any repurchased shares will have the status of
treasury shares and may be used, when needed, for general corporate
purposes.
Laptop Battery About ePlus:
Intuit also announced today a new stock repurchase program authorizing the purchase of up to $600 million of Intuit stock over the next three years. Intuit used all remaining funds in its last $800 million repurchase program, authorized in May 2007, quarter 2008, which ended on April 30. Since authorizing its first stock repurchase program in May 2001, Intuit has spent approximately $4.5 billion to repurchase approximately 186 million shares of its stock.
Thinkpad A leading provider of Enterprise Cost Management, ePlus provides
a comprehensive solution to reduce the costs of purchasing, owning,
and financing goods and services. ePlus Enterprise Cost Management
(eECM) packages
business process outsourcing,
eProcurement, asset management, product and catalog content
management, supplier enablement, strategic sourcing, and
financial services into a single integrated solution, all based
on ePlus' leading business application
software. Profitable since
inception in 1990, the
company is headquartered in
Herndon, VA, and has more than 30 locations in the U.S. For more
information, visit www.eplus.com, call 888-482-1122 or email
info@eplus.com.
one stock split in October 2005, the company has repurchased 67.1 million shares under the share repurchase program at an average price of $10.87 per share.
Microsoft EPlus is a trademark of ePlus inc. eEnterprise Cost Management,
and eECM, are trademarks applied for of ePlus inc.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Laptop Computers Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release, which are not
historical facts, may be deemed to be "forward-looking statements".
Actual and anticipated future results may vary due to certain risks
and uncertainties, including, without limitation, the existence of
demand for, and acceptance of, our services; our ability to adapt
our services to meet changes in market developments; the impact of
competition in our markets; the possibility of defects in our
products or catalog content data; our ability to hire and retain
sufficient personnel; our ability to protect our intellectual
property; the creditworthiness of our customers; our ability to
raise capital and obtain non-recourse financing for our
transactions; our ability to realize our investment in leased
equipment; our ability to reserve adequately for credit losses;
fluctuations in our operating results; our reliance on our
management team; and other risks or uncertainties detailed in our
Securities and Exchange Commission filings.
- The company purchased approximately 0.7 million shares of its common stock at an average price of $38.72 for a total cost of $28.3 million under its share repurchase program during the second quarter 2007. date through July 24, 2007, the company purchased approximately 1.5 million shares of its common stock at an average price of $38.60 for a total cost of $57.8 million under its share repurchase program.
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