Exponent, Inc. recently announced that its Board of Directors has authorized up to an additional $35,000,000 for the repurchase of Exponent's common stock in the open market or privately negotiated transactions in compliance with Securities and Exchange Commissions Rule 10b-18. "This action reflects our confidence in the future cash flow of the Company, as well as our ongoing commitment to build long-term shareholder value," commented Michael Gaulke, Chairman and CEO. The stock trades for 11x cash flow.

CTS Corporation recently announced that its Board of Directors authorized the repurchase of up to one million of its outstanding shares of common stock, for cash, in the open market on the New York Stock Exchange or in privately negotiated transactions. The one million shares would represent approximately three percent of the Company’s 34 million outstanding shares of common stock. During the first quarter 2008, CTS completed the previously authorized two million share program dated July 2, 2007. The stock trades for 6.5x cash flow.

American Oriental Bioengineering recently announced that its Board of Directors has authorized a share repurchase program for the repurchase of up to $75 million of the Company's outstanding common stock. The stock trades for 10x cash flow.

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that as part of its previously announced US$500 million share repurchase program, it has received approval from the Toronto Stock Exchange (TSX) to renew its Normal Course Issuer Bid (NCIB) for Thomson Reuters Corporation common shares for an additional 12-month period. The renewal of the NCIB will provide Thomson Reuters with the flexibility to purchase shares of either Thomson Reuters Corporation or, as currently permitted, Thomson Reuters PLC. On April 18, 2008, Thomson Reuters began purchasing ordinary shares of Thomson Reuters PLC. From April 18, 2008 through May 30, 2008, approximately 9.6 Thomson Reuters PLC ordinary shares were purchased for a total cost of approximately US$302 million. The stock trades for 15x cash flow.

Tech Data Corp., which distributes information technology products, said Wednesday its board authorized the repurchase of up to an additional $100 million in stock on the open market or negotiated deals. The company intends to hold the repurchased shares in treasury for general corporate purposes. It has about 55.3 million diluted shares outstanding. The stock trades for 6.5x cash flow.

Money manager T. Rowe Price Group Inc.'s board has given the company approval to buy back up to 15 million more shares of its stock. All together, that means the company now has approval to buy back more than 21 million shares. Companies often buy back shares in hopes of boosting their stock price, or to demonstrate that the best way to spend their cash in the current market is on their own stock. Baltimore-based T. Rowe's board made a similar move in February 2007, giving the company approval to buy back up to 19 million shares of stock at that time. T. Rowe has $379 billion in assets under management. The stock trades for 13x cash flow.

German industrial conglomerate Siemens said last week that it will extend its share buy back program and buy up to 2 billion euros worth of shares, or 28 million shares, from June 9 to July 23. The first tranche of the buyback program took place from Jan. 28 to April 8 when the company bought back 24,854,541 shares for approximately 2 billion euros. The stock trades for 8x cash flow.

The leading manufacturer of GPS products said that it will buy back 10 million shares of common stock by December 31, 2009. The timing and amount of the repurchases will depend on market conditions. Garmin added that it recently completed its 5 million share repurchase plan which was authorized in February 2008. The company based out of George Town, Cayman Islands also announced that it will distribute a 2008 cash dividend of 75 cents a share, which will be paid on December 15, 2008. On April 30th Garmin said strong demand for automotive and mobile products forced first-quarter profits higher. During the quarter ended March 29, Garmin experienced net income of $147.8 million, or 67 cents a share, compared with $139.9 million, or 64 cents per share, in the same period last year. Total sales grew from $492.2 million to $663.8 million, but in particular the automotive and mobile segment surged 42.7% to 451.9 million. However the overall results did not reach analysts expectations, as shares dipped 7% following the news. “We are pleased with our performance in the first quarter, particularly given the general slowdown in the global economy. Demand for our automotive/mobile products continued beyond the traditionally strong fourth quarter holiday season,” said Garmin Chairman CEO Dr. Min Kao Analysts Scott Sutherland from Wedbush Morgan Securities is bullish on Garmin. He has a buy rating on the stock and recently increased his price target to $59 from $55 noting the new buyback and positive comments from one of Garmin’s competitors, Magellan. After discussions with Magellan’s CEO, Sutherland commented, “it appears that unit growth remains 100%+ in the U.S., 35-40% in Europe, and very robust from a small base in Asia. We also believe Garmin is gaining market share in Europe and that prices for chipsets, memory, and maps continue to drop.”