PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced that the Company's Board of Directors has authorized the repurchase of up to 10 million shares or approximately 10.7% of its outstanding common stock. It is anticipated that the Company will buy back shares through open market purchases or privately negotiated transactions from time to time, utilizing the Company's cash flow to fund the share repurchases. Commenting on the announcement, Robert M. Patterson, senior vice president and chief financial officer said, "The share repurchase program is part of a broader, long-term capital structure program whereby the Company will seek to simultaneously reduce total debt, maintain adequate liquidity to improve our credit ratings as earnings improve, and have sufficient capital for strategic growth initiatives."

The asset manager’s “solid financial position allowed the board to declare the special dividend to return additional value to shareholders," the investment manager said in a statement. Federated also plans a new share repurchase program of as many as 5 million additional shares. The existing program has about 2.8 shares remaining and terminates at the end of 2008.

Chinese real estate services company E-House Holdings Ltd. said Friday its board has approved a share buyback program worth as much as $20 million. The board authorized buybacks of the company's American Depository Shares, which are dollar-denominated shares of foreign companies that trade on U.S. exchanges. The company said the buybacks would be made "from time to time."

Software company Pros Holdings Inc. said recently that its board authorized a plan to buy back up to $15 million in common stock. Pros said it plans to use available cash to fund the repurchase. As of June 30, Houston-based Pros had 26.6 million outstanding common shares and $48.8 million in cash and cash equivalents.

The Santa Carla-based chip maker announced that it will increase its buyback program by $1 billion. This ups the total authorization amount to $2.7 billion. The repurchased will be made from time to time pending on market conditions and the company offered no expiration date. Nvidia has repurchased 68 million shares, worth $1.16 billion, since the inception of its buyback program through July 27, 2008. On August 12, 2008 the second largest maker of computer-graphic chips reported disappointing second quarter earnings. During the quarter revenue dropped 5% to $892.7 million versus $935.3 million in the same period last year. The company experienced a loss of $120.9 million, or 22 cents a share, compared with a profit of $127.7 million, or 29 cents a share, in the year-ago period. The loss can be attributed to $196 million the company spent on customer warranty issues and high packaging materials cost. "We have a great product line-up and, having taken the necessary pricing actions, we are strongly positioned again. Our focus now is to drive cost improvements and to further enhance our competitiveness through the many exciting initiatives we have planned for the rest of the year," said Jen-Hsun Huang, president and CEO of NVIDIA. Analyst Patrick Wang at Wedbush Morgan Securities has a buy rating on the stock. He commented, "Despite near-term headwinds, we believe shares remain attractive longer-term, trading at 17x and 14x our FY09 and FY10 EPS estimates, respectively." He maintained his $15 price target.

The Sunnyvale, Calif.-based maker of data storage systems announced that its board approved the buyback of up to $1 billion in common stock. This comes in addition to the $96.3 million remaining from their previous repurchase plans. As of July 25, 2008 the company had about 327 million outstanding shares. On August 13, 2008 NetApp reported strong first quarter results with revenues surging 26% to $869 million. The company earned $37.7 million, or 11 cents a share, up from $34.3 million, or 9 cents a share earned in the year earlier period. Despite sluggish macroeconomic conditions, the company expects increasing business in storage infrastructures in the upcoming quarters. In the second quarter NetApp anticipates revenue in the range of $910 million to $940 million and it expects to earn 16 cents to 19 cents a share. "Our new fiscal year got off to a good start, and our efforts to increase awareness and sales capacity in order to secure new customers are delivering results," said Dan Warmenhoven, chairman and CEO. "Despite economic uncertainty, customers have continued to expand and evolve their storage infrastructure and are looking to NetApp to help them reduce costs and enable new capabilities." Needham analyst Glenn Hanus has a buy rating and $30 target price for NetApp noting the healthy quarter and new buyback. He said, "NTAP is executing well and remains an exceptionally strong and well managed company. We generally view any substantial pullbacks as buying opportunities."

The San Jose-based company increased its buyback plan by $500 million, bringing the repurchase amount up to $912 million. Cadence develops electronic design automation (EDA) software and hardware. Seeing as the company just repurchased $660 million in debt, their cash position can easily handle a $500 million buyback. If they repurchase the shares over a short time period, this buyback could reduce the share count by 20-24%, which would greatly improve EPS once earnings get back to normal. The company reported weak second quarter earnings on July 23, 2008 with revenues of $329 million, compared to revenue of $391 million in the same period last year. Net income sunk to $5 million, or 2 cents a share, from $60 million, or 20 cents a share in the year-ago period. "Although we achieved our Q2 numbers, it was more difficult than we planned. Customers are demanding still more flexibility in when, what and how they purchase software and hardware," said Mike Fister, CEO. However it was good to see that Citi upgraded CDNS to buy from neutral and added the stock to their Top Picks list. The Citi analyst commented, "We view CDNS as a strong candidate to generate 50% 1-yr and 100% 2-yr returns." The analysts noted a few catalysts; their new CFO Kevin Palatnik, cost restructuring, many upcoming tech conferences, and the $912 million buyback authorization. The analyst upped the price target $9 to $11.50.

The Woodlands, TX-based company announced a new $5 billion- dollar buyback program. The new repurchase amount, which replaces the previous buyback plan, represents about 18% of the company’s outstanding common shares. Anadarko added that it intends to repurchase $600 million worth of shares before the end of 2008 and the rest of the buyback has an expiration date of August 2011. The repurchases will be funded by free cash flow from operations. Anadarko Chairman and CEO Jim Hackett commented, “Our company's substantial net asset value is not reflected in our stock price. The share repurchase program capitalizes on this opportunity to materially benefit our shareholders.” He continued, “Our capital-efficient portfolio is generating material free cash flow at current prices, enabling us to both increase our capital spending levels and complete the share repurchases over the next three years - all while targeting a debt-to-cap ratio of between 25 and 35 percent.” The oil and natural gas producer reported dismal second-quarter earnings on August 5, 2008. During the period the company earned $23 million, or 5 cents a share, compared with a profit of $1.3 billion, or $2.81 a share, in the same period last year. Revenue came in at $2.78 billion, down from $4.58 billion in the year ago period. The company explained that losses from hedging related to derivatives substantially brought down profits. Despite the poor earnings, Tristone Capital has a buy rating on Anadarko and considers the stock to be one of their top picks. They were bullish on the fact that the buyback was significantly larger than expected and that Anadarko plans to increase capital spending in 2009. The analysts said, “APC is guiding to increased capital expenditures in ‘09 most likely to fast-track development of Jubilee and Tonga West, ramp-up onshore US development, as well as pursue follow-on opportunities from its ‘08 success.” Tristone gave the stock a $118 12-month price target, representing 105% expected return.