Our
share repurchase program activity for each of the three months ended July 3, 2004 was as
follows:
Period
Total Number of Shares Purchased (1)
Average Price Paid per Share (2)
Total Number of Share Purchased as Part of Publicly
Announced Plans or Programs (3)
Maximum Number of Shares that May Yet Be Purchased Under
the Plans or Programs
April 4, - May 1, 2004
10,000,000
$20.06
13,550,701
6,449,299
May 2, - May 29, 2004
–
–
13,550,701
6,449,299
May 30, - July 3, 2004
–
–
13,550,701
6,449,299
For the Quarter Ended July 3, 2004
10,000,000
$20.06
(1) On April 30, 2004, we repurchased 10 million shares of our common stock at a
total cost of $200.6 million under an accelerated share repurchase program.
Refer to the "Accelerated Share Repurchase Program" note of the Condensed Consolidated Financial Statements for further
discussion.
(2) Includes commissions of $0.03 per share.
(3) On December 19, 2002, we announced that our Board of Directors authorized
the repurchase of 20 million shares under a previously authorized repurchased program. Prior to fiscal year 2004, we repurchased
3,550,701 shares. All
share repurchases reported above have been made pursuant to the program.
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