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.

 

"The strength of our balance sheet and consistently positive cash flow from operations supports the decision to significantly increase our share repurchase program at this time," stated Robert Hagerty, chairman and CEO of Polycom. "We believe the repurchase program will benefit our shareholders by contributing to Polycom's return on equity."

 

Source: Polycom Inc.