Edgewater Technology Inc: Key Developments
Edgewater Technology, Inc. Announces Further Extension Of Stock Repurchase Program
September 25, 2009 |
| Edgewater Technology, Inc. announced that its Board of Directors has approved an extension of the Company's stock repurchase program (the Repurchase Program) to September 23, 2010 (the New Extension). The Repurchase Program, which was originally announced in December 2007, and subsequently amended on September 24, 2008, allows for the repurchase of up to $8.5 million of the Company's common stock. The New Extension will retain the same original cumulative dollar limitation. To date the Company has repurchased approximately $5.6 million of its shares, leaving a remaining authorization of approximately $2.9 million. Under the New Extension, the Company's common stock may be purchased from time-to-time on the open market or through privately negotiated transactions. The timing and amount of the purchases will be based upon market conditions, securities law considerations and other factors. The Extended Repurchase Program does not obligate the Company to acquire a specific number of shares in any period and may be modified, suspended, extended or discontinued at any time, without prior notice. |
Edgewater Technology, Inc. Announces Appointment Of Timothy R. Oakes As Interim CFO
September 4, 2009 |
| Edgewater Technology, Inc. announced the appointment of Timothy R. Oakes as Interim Chief Financial Officer (CFO). On August 11, 2009, the Company announced that Kevin R. Rhodes, the Company's CFO, would be leaving the Company effective September 4, 2009. In connection with Mr. Rhodes departure, the Company's Board of Directors (the Board) has appointed Mr. Oakes as the Company's CFO, on an interim basis, until such time as the Board makes a permanent CFO appointment. |
Edgewater Technology, Inc. Announces Chief Financial Officer Transition
August 11, 2009 |
| Edgewater Technology, Inc. announced that Kevin Rhodes, the Company's Chief Financial Officer, will be leaving the Company effective September 4, 2009. The Company also announced that it will name Chief Accounting Officer, Timothy R. Oakes, as Interim Chief Financial Officer upon Kevin's departure. |
Edgewater Technology, Inc. Comments On Q3 2009 Service Revenue Guidance
August 5, 2009 |
| Edgewater Technology, Inc. announced that for third quarter of 2009, it expects service revenue to be flat, as compared to the second quarter of 2009. |
Edgewater Technology, Inc. Issues Q2 2009 Revenue Guidance Below Analysts' Estimates
May 6, 2009 |
| Edgewater Technology, Inc. announced that it anticipates lower revenue during the second quarter of 2009, as compared to the first quarter of 2009. The Company reported revenue of $14.9 million for the first quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $15.6 million for the second quarter of 2009. |
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