Applied Materials Announces $3 Billion Share Repurchase Authorization
(Thomson Reuters ONE) -
SANTA CLARA, Calif., April 26, 2015 -- Applied Materials, Inc. (NASDAQ: AMAT)
today announced that its Board of Directors has approved a new share repurchase
program authorizing up to $3 billion in repurchases over the next three years
beginning in the third quarter of fiscal 2015.
"We are pleased to announce this new share repurchase program," said Gary
Dickerson, president and chief executive officer of Applied Materials. "This
program reflects our confidence in our performance and opportunities as well as
our strong commitment to shareholder returns."
Forward-Looking Statements:
This press release contains forward-looking statements, including those
regarding Applied's performance, opportunities, financial position and capital
allocation strategy. These statements and their underlying assumptions are
subject to known and unknown risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by such statements,
including but not limited to: the level of demand for Applied's products, which
is subject to many factors, including uncertain global economic and industry
conditions, end-demand for electronic products and semiconductors, and
customers' new technology and capacity requirements; the timing and nature of
technology transitions; the concentrated nature of Applied's customer base;
Applied's ability to (i) develop, deliver and support a broad range of products
and expand its markets, (ii) achieve the objectives of operational and strategic
initiatives, (iii) obtain and protect intellectual property rights in key
technologies, (iv) attract, motivate and retain key employees, and (v)
accurately forecast future results, which depends on multiple assumptions
related to, without limitation, market conditions, customer requirements and
business needs; and other risks described in Applied's SEC filings, including
its most recent Form 10-Q. All forward-looking statements are based on
management's estimates, projections and assumptions as of the date hereof.
Applied undertakes no obligation to update any forward-looking statements.
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in precision
materials engineering solutions for the semiconductor, flat panel display and
solar photovoltaic industries. Our technologies help make innovations like
smartphones, flat screen TVs and solar panels more affordable and accessible to
consumers and businesses around the world. Learn more at
www.appliedmaterials.com.
# # #
Contact:
Kevin Winston (editorial/media) 408.235.4498
Michael Sullivan (financial community) 408.986.7977
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Applied Materials via GlobeNewswire
[HUG#1915080]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2015 - 08:16 Uhr
Sprache: Deutsch
News-ID 388532
Anzahl Zeichen: 3497
contact information:
Town:
Santa Clara
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Applied Materials Announces $3 Billion Share Repurchase Authorization"
steht unter der journalistisch-redaktionellen Verantwortung von
Applied Materials (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
