3Ware 2005 Annual Report Download - page 21

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Our common stock is traded on the Nasdaq National Market under the symbol AMCC. The following table
sets forth the high and low sales prices of our common stock as reported by the Nasdaq National Market for the
periods indicated.
Fiscal year ended March 31, 2004 High Low
First Quarter ................................................... $7.18 $3.25
Second Quarter ................................................. $6.95 $4.78
Third Quarter ................................................... $7.05 $4.80
Fourth Quarter .................................................. $9.20 $5.36
Fiscal year ended March 31, 2005 High Low
First Quarter ................................................... $6.40 $4.38
Second Quarter ................................................. $5.25 $2.79
Third Quarter ................................................... $4.35 $3.10
Fourth Quarter .................................................. $4.37 $3.06
At May 12, 2005, there were approximately 775 holders of record of our common stock.
Dividend Policy
We have never declared or paid cash dividends on shares of our common stock. We currently intend to
retain all of our earnings, if any, for use in our business, for the purchases of our common stock or for the
acquisitions of other businesses, assets, products or technologies. We do not anticipate paying any cash dividends
in the foreseeable future.
Recent Sales of Unregistered Securities
There were no sales of equity securities by us that were not registered under the Securities Act of 1933
during fiscal 2005.
Securities Authorized for Issuance under Equity Compensation Plans
The information included in Part III, Item 12 of this report, is hereby incorporated herein by reference. For
additional information on our stock incentive plans and activity, see Note 5 of Notes to Consolidated Financial
Statements, included in Part IV, Item 15 of this Report.
Issuer Purchases of Equity Securities
In August 2004, our Board of Directors authorized a program to repurchase shares of our common stock.
The Board approved the repurchase of shares having an aggregate value of up to $200 million, depending on
market conditions. These repurchases are made in open market or privately negotiated transactions in compliance
with SEC Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. This
program does not obligate us to acquire any particular amount of common stock and may be suspended at any
time at our discretion.
15