Autodesk 2007 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2007 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 244

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244

30
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 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
High Low
Fiscal 2007
First Quarter ................................... $ 33.97 $28.52
Second Quarter ................................ $ 39.58 $32.12
Third Quarter .................................. $46.74 $33.83
Fourth Quarter................................. $47.60 $38.74
Dividends
Adjusted for the stock split in December 2004, we paid quarterly dividends of $0.015 per share in
fiscal 2005 to Autodesk stockholders. Effective after the dividend for the fourth quarter of fiscal 2005
(paid in April 2006) we discontinued our quarterly cash dividend.
Stockholders
As of January 31, 2007 the number of common stockholders of record was 673. 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, and other investment opportunities. At January 31, 2007, 16.3 million shares remained
available for repurchase under the existing repurchase authorization. See Note 9, “Stockholders’ Equity,”
in the Notes to Consolidated Financial Statements for further discussion. Autodesk was not current
with its reporting obligations under the Securities and Exchange Act of 1934 during the third and fourth
quarters of fiscal 2007 and, as a result, there were no repurchases of Autodesk common stock during
those quarters.