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Smith Micro Software, Inc., develops and markets mobile software products and services and an extensive line of PC software products for business & home markets. Bringing together innovative solutions from mobile connectivity to managing media content mobility to advancing mobile software management, Smith Micro products enrich the experience people have with their computer systems, mobile devices and wireless networks. Our knowledge spans 25 years of design, creation and engineering for hardware and software products, and we have shipped over 100 million copies of our QuickLink family of products to our customers worldwide.
Smith Micro Software Announces Five Million Share Repurchase Program
Smith Micro Software, Inc. (NASDAQ:SMSI), a leading provider of wireless and mobility solutions, announced that its Board of Directors has approved a program authorizing the repurchase of up to five million shares of the company's common stock over a period of up to two years.
Under this program, stock repurchases may be made from time to time and the actual amount expended will depend on a variety of factors including market conditions, regulatory and legal requirements, corporate cash generation and other factors. The stock repurchases may be made in both open market and privately negotiated transactions, and may include the use of Rule 10b5-1 trading plans. The program does not obligate Smith Micro to repurchase any particular amount of common stock during any period and the program may be modified or suspended at any time at the company's discretion.
For more information about Smith Micro Software, visit smithmicro.com.
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