Shares Outstanding: 169,622,827
Market value of equity: $1,850.59 M
Debt: $0
Cash & Equivalents: $609.89 M
Enterprise Value: $1,240.70 M
EBITDA less CapEx: $42.23 M
Pre-tax Cap Rate: 3.4%
Strategic initiatives in 2012
- created Polycom Capital to offer comprehensive and flexible customer financing options to enable sales to customers with limited capital expense budgets
- partnered with Microsoft to develop devices specifically used with Microsoft Lync
- R&D introduced a suite of new products in company history
- Americas, EMEA, and APAC segment revenues accounted for 49%, 25%, and 26%, respectively
- Americas segment impacted by lower U.S. federal and public spending; EMEA declined due to difficult macro environment; APAC affected by reduced government spending and elongated sales cycles in China
- product revenues have been decreasing by $96 million/ 8% offset by service revenues increasing by $86 million/ 33%
- Q2 2013 -accelerated share repurchase program and closed the quarter with total cash and investments of $4 per share and trailing 12 month operating cash flow of $195 million;repurchased $50 million of common stock in Q2 2013, and $84 million year-to-date, leaving $89 million in remaining repurchase authorization as of June 30, 2013
- repurchase of $400 million, or approximately 20 percent of the Company’s outstanding common stock, through a $250 million modified “Dutch Auction” self-tender offer and subsequent open market purchases or privately negotiated transactions
I have no positions in the above company mentioned, but may initiate a long position over the next 72 hours.
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