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Himax Technologies, Inc. (HIMX) Message Board

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  • jeffreybul23 jeffreybul23 May 19, 2009 4:56 PM Flag

    They are ALSO buying back shares.....

    Thanks, but that was from November 14th of last year. Wouldn't they have already purchased those shares? I was hoping for something recent saying that they were still buying back shares and/or buying more shares. Thanks.

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    • your DD and GL

    • From the conference call transcript per the SEC filing:

      We continue to execute our $50 million share repurchase program announced in mid November 2008. As of May 15, 2009, we have bought back around 7.4 million shares for a total of $14.4 million and our shares outstanding have been reduced accordingly. In 2007 and 2008, we have returned approximately $79.1 million and $75.5 million respectively to our shareholders by way of cash dividend and share buyback combined.

      The second quarter guidance that Jordan provided earlier is based on 185 million diluted weighted average shares.

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