EMC 2008 Annual Report Download - page 24

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Table of Contents
PART II
ITEM 5. MARKET FOR 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 2008 High Low
First Quarter $18.60 $14.01
Second Quarter 18.50 14.05
Third Quarter 15.78 11.22
Fourth Quarter 12.25 8.25
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
We had 12,690 holders of record of our common stock as of February 26, 2009.
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 2008
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, 2008 –
October 31, 2008 10,423,331 $ 11.48 10,390,204 214,726,777
November 1, 2008 –
November 30, 2008 26,278,016 9.60 26,055,806 188,670,971
December 1, 2008 –
December 31, 2008 33,286 10.43 21,369 188,649,602
Total 36,734,633(2) $ 10.14 36,467,379 188,649,602
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 and
April 2008 to repurchase a combined 500.0 million shares of our common stock. These repurchase authorizations do not have a fixed termination date.
Includes an aggregate of 267,254 shares withheld from employees for the payment of taxes.
20
(1)
(2)