EMC 2007 Annual Report Download - page 24

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and from 2001 to 2004, he was the Chief Financial Officer of Accenture Ltd, a global management consulting, technology services and outsourcing company.
Mr. You is a director of Korn/Ferry International, a global executive recruiting company.
EMC, EMC ControlCenter, Avamar, Captiva, Celerra, Centera, CLARiiON, Connectrix, DiskXtender, Documentum, EDM, EmailXtender, Fortress,
Invista, MirrorView, Mozy, MozyEnterprise, NetWorker, PowerPath, Rainfinity, Retrospect, RSA, RSA Security, Smarts, SnapView, SRDF, Symmetrix,
Symmetrix DMX, TimeFinder and UltraScale are either registered trademarks or trademarks of EMC Corporation. VMware is a registered trademark of
VMware, Inc. Other trademarks are either registered trademarks or trademarks of their respective owners.
PART II
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Our common stock, par value $.01 per share, trades on the New York Stock Exchange under the symbol EMC.
The following table sets forth the range of high and low sales prices of our common stock on the New York Stock Exchange for the past two years
during the fiscal periods shown.
Fiscal 2007 High Low
First Quarter $14.89 $12.74
Second Quarter 18.16 13.85
Third Quarter 21.10 16.89
Fourth Quarter 25.47 17.36
Fiscal 2006 High Low
First Quarter $14.75 $13.05
Second Quarter 13.99 10.11
Third Quarter 12.09 9.44
Fourth Quarter 13.79 11.69
We had 13,026 holders of record of our common stock as of February 27, 2008.
We have never paid cash dividends on our common stock. While subject to periodic review, the current policy of our Board of Directors is to retain cash
and investments primarily to provide funds for our future growth. Additionally, we use cash to repurchase our common stock.
ISSUER PURCHASES OF EQUITY SECURITIES IN THE FOURTH QUARTER OF 2007
Period
Total Number
of Shares
Purchased(1)
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
Maximum Number (or
Approximate Dollar
Value) of Shares that
May Yet Be Purchased
Under the Plans or
Programs
October 1, 2007 –
October 31, 2007 753,174 $ 24.99 750,000 66,130,263
November 1, 2007 –
November 30, 2007 14,105,000 21.90 14,105,000 52,025,263
December 1, 2007 –
December 31, 2007 1,237,822 19.17 1,222,572 50,802,691
Total 16,095,996(2) $ 21.83 16,077,572 50,802,691
Except as noted in note (2), all shares were purchased in open-market transactions pursuant to a previously announced authorization by our Board of Directors in April 2006 to
repurchase 250.0 million shares of our common stock. This repurchase authorization does not have a fixed termination date.
Includes an aggregate of 18,424 shares withheld from employees for the payment of taxes.
19
(1)
(2)