CyberSource Board Approves Stock Buyback Plan
2008年11月22日 - 7:08AM
PRニュース・ワイアー (英語)
MOUNTAIN VIEW, Calif., Nov. 21 /PRNewswire-FirstCall/ --
CyberSource Corporation (NASDAQ:CYBS), a leading provider of
electronic payment and risk management solutions, today announced
that its Board of Directors has approved a new stock repurchase
program that authorizes the Company to buy up to $15 million of its
common stock. The Company will fund the program with available cash
on hand and may repurchase shares in the open market from time to
time based on market conditions and other factors. The plan will be
effective through March 31, 2009. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO) "These
are historically challenging times for the global economy, but our
business continues to perform well. This latest action demonstrates
the Board's belief in the continued success of the company and the
long term value it will bring to investors," said Bill McKiernan,
chairman and chief executive officer of CyberSource. In 2008, year
to date, CyberSource has used approximately $9,997,005 to
repurchase 704,925 shares pursuant to prior repurchase plans
authorized by the Board. About CyberSource CyberSource Corporation
is a leading provider of electronic payment and risk management
solutions. CyberSource solutions enable electronic payment
processing for Web, call center, and POS environments. CyberSource
also offers industry leading risk management solutions for
merchants accepting card-not-present transactions. CyberSource
Professional Services designs, integrates, and optimizes commerce
transaction processing systems. Approximately 245,000 businesses
use CyberSource solutions, including half the companies comprising
the Dow Jones Industrial Average. The company is headquartered in
Mountain View, California, and has sales and service offices in
Japan, the United Kingdom, and other locations in the United States
including Bellevue, Washington and American Fork, Utah. For more
information on CyberSource please visit http://www.cybersource.com/
or email . For more information on Authorize.Net small business
solutions, please visit http://www.authorize.net/ or email . "Safe
Harbor" statement under the Private Securities Litigation Reform
Act of 1995Statements in this release that are not purely
historical are forward- looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, including, without limitation,
statements regarding the company's expectations, objectives,
anticipations, plans, hopes, beliefs, intentions or strategies
regarding the future. Forward-looking statements in this release
include, without limitation, statements regarding the continued
success of the company and long term value to investors. Factors
that could cause actual results to differ materially from the
forward looking statements include risks and uncertainties such as
the company's ability to acquire shares in the stock buyback plan
at a suitable price and amount, changes in Generally Accepted
Accounting Principles and the application thereof, changes in
customer needs, the risks inherent in integrating a newly-acquired
business, the risks of failures, disruptions or illiquidity in the
national and global banking, credit and financial systems and the
impact of those risks on the company's business, the risk of the
economy, in general, and online economy, in particular, slowing
down, new products and services offerings by the company and its
competitors, any unforeseen event or any unforeseen system
failures, and other risks indicated in our filings with the
Securities and Exchange Commission. It is important to note that
actual outcomes could differ materially from those in such
forward-looking statements. Readers should also refer to the
documents filed by CyberSource with the Securities and Exchange
Commission, specifically the annual report filed on Form 10-K for
the year ended December 31, 2007, filed with the Securities and
Exchange Commission on March 11, 2008, and our quarterly reports
filed on Form 10-Q from time to time, all of which identify
important risk factors. (C) 2008 CyberSource Corporation. All
rights reserved. CyberSource is a registered trademark in the U.S.
and other countries. Authorize.Net is a registered trademark in the
U.S. All other brands and product names are trademarks or
registered trademarks of their respective companies.
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO
http://photoarchive.ap.org/ DATASOURCE: CyberSource Corporation
CONTACT: Katrina Rymill, director, investor relations of
CyberSource Corporation, +1-650-965-6154, Web site:
http://www.cybersource.com/ http://www.authorize.net/
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