Polycom, Inc. (PLCM) said Monday that its board of directors has approved a new share repurchase program authorizing up to $100 million in share repurchases, with an expiration date of May 2, 2014.
The amount is in addition to the about $39 million remaining as of March 31, 2013 from a prior authorization.
The number of shares to be purchased and the timing of purchases will be based on the level of Polycom's cash balances, general business and market conditions, the dilutive effects of share based incentive plans, and other factors, including alternative investment opportunities and working capital needs.
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