The board of directors of Acxiom� Corporation (Nasdaq: ACXM) today authorized a new stock purchase program of up to $50 million of its common stock. It also voted to suspend the quarterly dividend for the foreseeable future. Michael J. Durham, non-executive chairman of the board, stated, �The Board believes a stock repurchase program gives the company more flexibility and better positions it to preserve and enhance shareholder value.� John Meyer, chief executive officer and president, stated, �Despite stress and uncertainty in the economy, the company has increased its cash balance by almost 50% during the first six months of this fiscal year to a total of $93.4 million. We believe this cash position gives us the flexibility to utilize the funds towards a stock repurchase.� About Acxiom Corporation The global leader in interactive marketing services, Acxiom connects clients with their customers through deep consumer insight, powering effective and profitable marketing initiatives and business decisions. Our consultative approach spans multiple industries and incorporates decades of experience in consumer data and analytics, information technology, data integration and consulting solutions for effective marketing across digital, Internet, email, mobile and direct mail channels. Founded in 1969, Acxiom is headquartered in Little Rock, Ark., and serves clients around the world from locations in the United States, Europe and Asia-Pacific. For more information about Acxiom, visit www.acxiom.com.
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