Autodesk 2008 Annual Report Download - page 102

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PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the NASDAQ Global Select Market under the symbol ADSK. The
following table lists the high and low sales prices for each quarter in the last two fiscal years.
High Low
Fiscal 2008
First Quarter ..................................................... $44.72 $37.15
Second Quarter ................................................... $47.90 $41.40
Third Quarter ..................................................... $50.80 $40.47
Fourth Quarter .................................................... $51.04 $40.11
Fiscal 2007
First Quarter ..................................................... $43.62 $35.30
Second Quarter ................................................... $41.47 $30.06
Third Quarter ..................................................... $37.28 $31.48
Fourth Quarter .................................................... $44.49 $34.68
Dividends
We did not declare any cash or stock dividends in either fiscal 2008 or fiscal 2007. We anticipate that, for
the foreseeable future, we will retain any earnings for use in the operation of our business.
Stockholders
As of January 31, 2008 the number of common stockholders of record was 640. Because many of our shares
of common stock are held by brokers or other institutions on behalf of stockholders, we are unable to estimate the
total number of stockholders represented by the record holders.
Issuer Purchases of Equity Securities
The purpose of Autodesk’s stock repurchase program is to help offset the dilution to net income per share
caused by the issuance of stock under our employee stock plans as well as to more effectively utilize excess cash
generated from our business. The number of shares acquired and the timing of the purchases are based on several
factors, including the level of our cash balances, general business and market conditions, the market price of our
stock, and other investment opportunities. At January 31, 2008, 24.1 million shares remained available for
repurchase under the existing repurchase authorization. See Note 7, “Stockholders’ Equity,” in the Notes to
Consolidated Financial Statements for further discussion.
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