Morse Barnes Brown and Pendleton
Digg icon reddit icon Stumbleupon icon
Print Email     Print Edition Stories

Wednesday, February 27, 2008

Lionbridge plans another $12M stock buy back

Lionbridge Technologies Inc. reports that its board of directors has approved another $12 million repurchase of Lionbridge's common stock.

The move comes after Lionbridge (Nasdaq: LIOX), a Waltham-based provider of content management and translation software, closed in January a previous $12 million stock buyback, approved by the board in September 2007.

Lionbridge announced the new 2008 buyback plan in its 2007 financial report, in which it noted a net loss of $4.2 million on revenue of $452 million. That revenue figure represents an increase of nearly 8 percent over 2006 revenue, according to the company.

In November 2007, Lionbridge reported it had entered into a deal with EMC Corp. (NYSE: EMC) of Hopkinton to connect Liondrige's Freeway translation system with EMC's Documentum content management system.

Digg icon reddit icon Stumbleupon icon
Contact Editor Latest News

Comments

Please Login/Register to post comments.

No comments have been added or approved.

On the MHT blog now

Flagsuit wins another NASA Astronaut Glove Challenge

Southwest Harbor, Maine's Peter Homer won $450,000 in NASA's Astronaut Glove Challenge yesterday. This is Homer's second time winning the contest. Homer's first win in 2007 launched his startup, Flagsuit. Flagsuit is developing pressure suits using the same technology as Homer's prizewinning gloves -- for use as a wearable substitute for hyperbaric chambers used to treat conditions such as ...

Read More

Most Popular Stories
EmailedViewed
Stay Informed
Check which newsletter you'd like to receive.
TechFlash (Daily)
FinanceFlash (Daily)
BioFlash (Daily)
GreenFlash (Weekly)
Startup Report (Weekly)
Breaking news, MHT events, local announcements
RSS feeds
Your email:

Affiliate publications: ACBJ.com, Boston Business Journal, Bizjournals.com, Portfolio.com, Wired.com

Web Site Developed by Neptune Web, Inc.

Use of, registration on, this site constitutes acceptance of our User Agreement. Please read our Privacy Policy (updated) A publishing partner with Portfolio