Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (7118)	10/29/2003 7:39:17 AM
From: John Carragher	Read Replies (1) \| Respond to of 7150

Check Point Software Technologies Ltd. Announces Stock Repurchase Program; Board of Directors Approves Plan to Acquire up to $200 Million of Outstanding Common Stock REDWOOD CITY, Calif.--(BUSINESS WIRE)--10/29/2003--Check Point Software Technologies Ltd. (Nasdaq:<A HREF="aol://4785:CHKP">CHKP</A>), the worldwide leader in securing the Internet, today announced that its Board of Directors has authorized the repurchase of up to $200,000,000 of its outstanding common stock in the open market or through privately negotiated transactions. Under the repurchase program, share purchases may be made from time to time depending on market conditions, share price, trading volume and other factors. The repurchase program has no time limit and may be suspended from time to time or discontinued. The share repurchases will be funded from available working capital. As of Sept. 30, 2003, Check Point had approximately 256 million fully diluted shares of common stock outstanding.