Worst DIY Installs Ever Part 7
10 Must-Have Products for Your Next Install
6 Amazing High-End Home Theaters
8 Awesome Turntables for Spinning Vinyl
Print
Email
Comments (0)
Share
DirecTV Announces $2B Stock Buyback
Company also completes $3B stock repurchase program announced in May 2008.
DirecTV (NASDAQ: DTV) has approved the repurchase of up to an additional $2 billion of its common stock. It also recently completed its $3 billion stock repurchase program announced in May 2008. (Read full press release)
The company says the repurchases may be made through open market purchases or in negotiated transactions, using available cash on hand and cash expected to be provided by operations.
Since February 2006, DirecTV has repurchased approximately $8.2 billion of its common stock through repurchase programs.
For the nine-month period ended Sept. 30, 2008, DirecTV had total assets of approximately $17.5 billion and cash or cash equivalents of approximately $3 billion. It also had approximately $14.4 billion of total revenues for that same period.
The company says the repurchases may be made through open market purchases or in negotiated transactions, using available cash on hand and cash expected to be provided by operations.
Since February 2006, DirecTV has repurchased approximately $8.2 billion of its common stock through repurchase programs.
For the nine-month period ended Sept. 30, 2008, DirecTV had total assets of approximately $17.5 billion and cash or cash equivalents of approximately $3 billion. It also had approximately $14.4 billion of total revenues for that same period.
Subscribe to the CE Pro Newsletter
About the Author
Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He is currently a member of the CEDIA Education Action Team for Electronic Systems Business. Jason graduated from the University of Southern California.
Post a comment