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MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
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LIQUIDITY AND CAPITAL RESOURCES
Stock Repurchase Programs
Intuit's Board of Directors has initiated a series of common stock repurchase programs. Shares of common stock repurchased under these programs become treasury shares. The following table summarizes our stock repurchase programs at July 31, 2004.
| PLAN NAME |
DATE INITIATED/
INCREASED |
DATE CONCLUDED |
AMOUNT
AUTHORIZED |
AMOUNT
REPURCHASED |
SHARES
REPURCHASED |
|
| (Dollars in millions) |
Repurchase Plan I |
May 2001 /July 2002 |
December 2002 |
|
$750.0 |
|
|
$750.0 |
|
|
16,602,583 |
|
 |
Repurchase Plan II |
March 2003 |
November 2003 |
|
500.0 |
|
|
500.0 |
|
|
11,280,609 |
|
|
Repurchase Plan III |
August 2003 |
June 2004 |
|
500.0 |
|
|
500.0 |
|
|
11,197,779 |
|
|
Repurchase Plan IV |
May 2004 |
Still active |
|
500.0 |
|
|
- |
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|
- |
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