BUSINESS-OBJECTS annonce que son conseil d'administration a autorisé le rachat d'actions
Presse économique / High-Tech
SAN JOSE, Calif. & PARIS--(BUSINESS WIRE)--May 17, 2004—Business Objects (Nasdaq:BOBJ)(Euronext Paris ISIN code FR0004026250 - BOB), a annoncé aujourd'hui que son conseil d'administration a autorisé le rachat de 3,5 millions d'actions, dans le cadre du programme de rachat d'actions approuvé par ses actionnaires le 15 mai 2003 et aux termes de la "Note d'information"(1) qui a reçu le visa de la COB (numéro 03-278) le 15 avril 2003.
(BW) Business Objects Announces
Authorization of Share Repurchase
Business Editors/High-Tech Writers
SAN JOSE, Calif. & PARIS--(BUSINESS WIRE)--May 17, 2004--Business
Objects (Nasdaq:BOBJ)(Euronext Paris ISIN code FR0004026250 - BOB),
announced today that its board of directors has authorized the
repurchase of up to 3.5 million shares of its stock, under the share
repurchase program authorized by its shareholders on May 15, 2003 and
under the terms of the "Note d'information"(1) which received COB visa
number 03-278 on April 15, 2003.
The shares repurchased will become treasury shares, and may be
used for general corporate purposes, including share issuance
requirements of the Company's employee stock option plan and share
issuance requirements in the context of an acquisition or exchange.
As of March 31, 2004, the company had approximately 90.3 million
outstanding shares, and its balance of cash and cash equivalents was
approximately $245.9 million.
Any share repurchases may be made, from time to time, in the open
market, through block trades or otherwise. Depending on market
conditions and other factors, these repurchases may be commenced or
suspended at any time, or from time to time, without prior notice.
Safe Harbor for Forward Looking Statements: This press release
contains forward-looking statements that involve risks and
uncertainties concerning Business Objects', including Business
Objects' intent to repurchase shares on the open market. These forward
looking statements are based on the Business Objects' current
expectations, and are subject to risks and uncertainties which could
cause the actual results to differ materially from those anticipated.
The risks and uncertainties include, but are not limited to,
unexpected changes in Business Objects' need for cash and general
economic, business and market conditions. More information about
potential factors that could affect Business Objects' business and
financial results is included in Business Objects' Annual Report on
Form 10-K for the fiscal year ended December 31, 2003, Quarterly
Report of Form 10-Q for the quarterly period ended March 31, 2004 and
other SEC filings, including (without limitation) under the captions,
"Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations," which are on file with the
Securities and Exchange Commission (the "SEC") and available at the
SEC's website at www.sec.gov. Business Objects is not obligated to
undertake any obligation to update these forward-looking statements to
reflect events or circumstances after the date of this document.
About Business Objects
Business Objects enables organizations to track, understand, and
manage enterprise performance. The company's solutions leverage the
information that is stored in an array of corporate databases,
enterprise resource planning (ERP), and customer relationship
management (CRM) systems.
Popular uses of BI include enterprise reporting, management
dashboards and scorecards, customer intelligence applications,
financial reporting, and both customer and partner extranets. These
solutions enable companies to gain visibility into their business,
acquire and retain profitable customers, reduce costs, optimize the
supply chain, increase productivity, and improve financial
performance.
In December 2003, Business Objects completed the acquisition of
Crystal Decisions, the leader in enterprise reporting. The combined
product line includes software for reporting, query and analysis,
performance management, analytic applications, and data integration.
In addition, Business Objects offers consulting and education services
to help customers effectively deploy their business intelligence
projects.
Business Objects has more than 24,000 customers in over 80
countries. The company's stock is traded under the ticker symbols
NASDAQ: BOBJ and Euronext Paris (ISIN: FR0004026250 - BOB). It is
included in the SBF 120 and IT CAC 50 French stock market indexes.
Business Objects can be reached at 408-953-6000 and
www.businessobjects.com
BUSINESSOBJECTS is a trademark of Business Objects S.A. Other
company and product names may be trademarks of the respective
companies with which they are associated.
(1) Form filed with the French equivalent of the SEC and required
by French law to authorize a share repurchase program.
CONTACT: Business Objects
Don Markley, 408-953-6054
(Investor Relations)
don.markley@businessobjects.com
Anne Guimard, +33 1 41 25 39 19
(European Investor Relations)
anne.guimard@businessobjects.com
KEYWORD: CALIFORNIA FRANCE INTERNATIONAL EUROPE
INDUSTRY KEYWORD: SOFTWARE
SOURCE: Business Objects
ESHEET : 4642854
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