Share repurchase score card according to today's press release;
1) 1 million shares repurchased in 2004 at cost of $17.1 Million
2) 460,000 shares repurchased under the current program to repurchase 1 million shares(leaving a balance of 540,000 to be purchased under that program)
3) authorization to repurchase an additional 1 million shares announced today
That means InterDigital will be buying 1,540,000 shares in the open market for a total of 3 million shares repurchased since the middle of 2004. Sures appears to show confidence!
Anybody know what the current guidelines are on company repurchase trading? Seems like it was not before 10 am and not after 3pm or something like that??? TIA
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