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 : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: DaYooper who wrote (10798)	11/15/2006 4:38:00 PM
From: DaYooper	Read Replies (1) \| Respond to of 10934

Network Appliance Announces Stock Repurchase Wednesday November 15, 4:05 pm ET May Acquire an Additional $800,000,000 of Its Outstanding Common Stock SUNNYVALE, Calif.--(BUSINESS WIRE)--Network Appliance, Inc. (NASDAQ:NTAP - News), a leader in advanced networked storage solutions, today announced that its Board of Directors has approved a new stock repurchase program in which up to $800,000,000 of shares of its outstanding common stock may be purchased. This approval is in addition to approximately $41,000,000 remaining from all prior authorizations. Under the program, Network Appliance, Inc. can purchase shares of common stock through open market and privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions, corporate considerations and regulatory requirements. The purchases will be funded from available working capital. As of October 27, 2006, Network Appliance, Inc. had approximately 371,500,000 shares of common stock outstanding.