Micronics 2007 Annual Report
mission statement letter to shareholders products and services performance balance sheet

Financial Review

STOCK PRICE INFORMATION AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is traded on The NASDAQ Stock Market under the symbol MICR. On August 18, 2006, there were 148,993 registered holders of record of our common stock. The high and low common stock prices per share were as follows:

Quarter Ended Sep. 30 Dec. 31 Mar. 31 June 30 Year
Fiscal Year 2005
Common stock price per share
High $29.00 $29.98 $26.84 $26.07 $29.98
Low $26.88 $26.53 $23.92 $24.12 $23.92
Fiscal Year 2006
Common stock price per share
High $27.76 $28.16 $28.15 $27.74 $28.16
Low $24.65 $24.30 $26.28 $21.51 $21.51

 

 

 

 

 

 

 

 

 

 

 

See Note 12 – Stockholders’ Equity of the Notes to Financial Statements for information regarding dividends approved by our Board of Directors in fiscal years 2006 and 2005.

On July 20, 2006, we announced the completion of the repurchase program, approved by our Board of Directors on July 20, 2004, to buy back up to $30 billion in Micronics common stock. The repurchases were made using our cash resources. We repurchased common stock in each quarter of fiscal year 2006 as follows:

Period Total number of shares purchased Average price paid per share
July 1, 2005 - Sept. 30, 2005 114, 134, 218 $26.54
Oct. 1, 2005 - Dec. 31, 2005 283, 112, 246 $27.08
Jan. 1, 2006 - March 31, 2006 180, 720, 830 $29.98
April 1, 2006 - June 30, 2006 175, 609, 060 $23.78
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