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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:15 EDTHLITHarmonic increases share repurchase program by $80M to $300M
Harmonic announced that its board has approved an $80M increase to the company's ongoing share repurchase program. The increase brings the total amount authorized for repurchases since the inception of the company's share repurchase program in June 2012 to $300M. Through the quarter ended March 28, the company had repurchased a total of 27.7M shares for $167.3M, including the shares purchased through the company's tender offer in 2013, and had $52.7M available for future purchases at the end of Q3.
News For HLIT From The Last 14 Days
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November 11, 2014
08:09 EDTHLITHarmonic makes strategic investments in cloud companies
Harmonic announced that the company has made significant investments in Encoding.com, the world's largest video transcoding service, and VJU, one of the first companies to provide cloud-enabled playout solutions to the broadcast and pay-TV industries. Having a financial stake in Encoding.com and VJU strengthens Harmonic's ability to offer highly flexible and scalable cloud-based services that provides amazing video quality and dramatically simplified cloud-based operations. In addition to making a significant equity investment in VJU, Harmonic has signed a reseller agreement with the company, through which Harmonic will distribute its cloud playout solutions to the broadcast and pay-TV industries. VJU plans to use the Harmonic funding to continue making enhancements to its core product, expand cloud-based playout infrastructure, enhance quality of service, and support and grow its partnership network.

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