Pitney Bowes Reports Slightly Lower 2010 Revenue but Remains Positive on Future
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The company’s board of directors approved an increase of $100 million in the company’s share repurchase authorization from $50 million to a total of $150 million. The company plans to utilize this authorization over the next 12 to 18 months.
In closing, Martin noted, “In 2011 we expect increasing benefit from the actions we took to transform our business and invest in long-term value creation. We are excited about pursuing the promising growth opportunities that we see in leveraging our leadership in physical mail and growing our digital and hybrid capabilities to help our customers connect more effectively with their customers and prospects.”
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- Companies:
- Pitney Bowes
- Places:
- Stamford, Conn.
- United States
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