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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 Global Select Market under the symbol NVDA. Public trading of our common
stock began on January 22, 1999. Prior to that, there was no public market for our common stock. As of March 2, 2007, we had
approximately 461 registered stockholders, not including those shares held in street or nominee name. The following table sets forth
for the periods indicated the high and low sales price for our common stock as quoted on the NASDAQ Global Select Market:
High Low
Fiscal year ending January 27, 2008
First Quarter (through March 2, 2007) $ 34.91 $ 29.71
Fiscal year ended January 28, 2007
Fourth Quarter $ 38.96 $ 30.90
Third Quarter $ 34.59 $ 20.85
Second Quarter $ 31.88 $ 17.17
First Quarter (1) $ 30.84 $ 21.44
Fiscal year ended January 29, 2006
Fourth Quarter (1) $ 23.38 $ 16.28
Third Quarter (1) $ 17.98 $ 13.52
Second Quarter (1) $ 14.70 $ 10.76
First Quarter (1) $ 14.80 $ 10.46
(1) Reflects a two−for−one stock split effective on April 6, 2006.
Dividend Policy
We have never paid and do not expect to pay cash dividends for the foreseeable future.
Equity Compensation Plan Information
Information regarding our equity compensation plans, including both stockholder approved plans and non−stockholder approved
plans, will be contained in our definitive Proxy Statement with respect to our Annual Meeting of Stockholders under the caption
"Equity Compensation Plan Information," and is incorporated by reference into this report.
Issuer Purchases of Equity Securities
On August 9, 2004 we announced that our Board had authorized a stock repurchase program to repurchase shares of our common
stock, subject to certain specifications, up to an aggregate maximum amount of $300 million. Subsequently, on March 6, 2006, we
announced that our Board had approved a $400 million increase to the original stock repurchase program. As a result of this increase,
the amount of common stock the Board has authorized to be repurchased has now been increased to a total of $700 million. The
repurchases will be made from time to time in the open market, in privately negotiated transactions, or in structured stock repurchase
programs, in compliance with the Exchange Act, Rule 10b−18, subject to market conditions, applicable legal requirements, and other
factors. The program does not obligate NVIDIA to acquire any particular amount of common stock and the program may be
suspended at any time at our discretion.
As part of our share repurchase program, we have entered into and we may continue to enter into structured share repurchase
transactions with financial institutions. These agreements generally require that we make an up−front payment in exchange for the
right to receive a fixed number of shares of our common stock upon execution of the agreement, and a potential incremental number
of shares of our common stock, within a pre−determined range, at the end of the term of the agreement. Through the end of fiscal
2007, we have repurchased 27.3 million shares under our stock repurchase program for a total cost of $488.1 million. During the first
quarter of fiscal 2008, we entered into a structured share repurchase transaction to repurchase shares of our common stock for $125.0
million that we expect to settle prior to the end of our first fiscal quarter.
28
Source: NVIDIA CORP, 10−K, March 16, 2007