SUNNYVALE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), the AI Knowledge Management platform for business, announced today that its Board of Directors approved an extension to the stock repurchase program from November 14, 2024, until the earlier of (i) the date the aggregate amount of shares that can be repurchased under the stock repurchase program have been repurchased and (ii) November 14, 2025. "This extension underscores our belief that our shares are undervalued and reinforces our confidence in the significant growth potential of the AI knowledge market. With our strong balance sheet, we believe we are well-positioned to expand our market presence in knowledge management while delivering value to shareholders through our ongoing buyback program," said Ashu Roy, eGain's CEO. As of November 15, 2024, eGain has repurchased approximately $27.6 million of shares of its common stock under its stock repurchase program, leaving approximately $12.4 million of shares of its common stock available for repurchase after the increase. Under the stock repurchase program, eGain may purchase shares of common stock on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by eGain. In addition, at the discretion of eGain, open market repurchase of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when eGain might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The timing and number of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and capital availability. The stock repurchase program does not obligate eGain to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at eGain's discretion without notice. The stock repurchase program will be funded using existing cash or future cash flows. About eGain eGain AI Knowledge Hub helps businesses improve experience and reduce cost by delivering trusted, consumable answers. Visit www.egain.com for more info. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation: statements regarding the timing, scope, and funding of our stock repurchase program; our belief that our shares are undervalued; our belief that we are well-positioned to expand our market presence; our focus, growth potential and market opportunity; and the expected benefits of our products. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties, and assumptions, many of which involve factors or circumstances that are beyond our control. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include, but are not limited to: risks to our business, operating results, and financial condition; the pace of technological advancements in generative AI and the adaptability of our services to incorporate these advancements; market demand for AI-enabled solutions; risks associated with new product releases and new services and products features; risks that customer demand may fluctuate or decrease; risks that we are unable to collect unbilled contractual commitments, particularly in the current economic environment; risks that our lengthy sales cycles may negatively affect our operating results; currency risks; our ability to capitalize on customer engagement; risks related to our reliance on a relatively small number of customers for a substantial portion of our revenue; our ability to compete successfully and manage growth; our ability to develop and expand strategic and third party distribution channels; risks related to our international operations; our ability to continue to innovate; our strategy of making investments in sales to drive growth; general political or destabilizing events, including war, intensified international hostilities, conflict or acts of terrorism; the effect of legislative initiatives or proposals, statutory changes, governmental or other applicable regulations and/or changes in industry requirements, including those addressing data privacy, cyber-security and cross-border data transfers; and other risks detailed from time to time in eGain's public filings, including eGain's annual report on Form 10-K for the fiscal year ended June 30, 2024, quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2024, and subsequent reports filed with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission's website at www.sec.gov. These forward-looking statements are based on current expectations and speak only as of the date hereof. We assume no obligation and do not intend to update these forward-looking statements, except as required by law. eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corporation in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies. MKR Investor Relations Todd Kehrli or Jim Byers Phone: 323-468-2300 Email: [email protected]Moreover, the bus station has also introduced new technologies to help commuters better navigate the transportation system. By launching a new mobile app that provides real-time information on bus routes, schedules, and arrival times, passengers can now plan their journeys more effectively and stay updated on any changes or delays. This digital initiative is set to revolutionize the way people access public transportation services and ensure a more seamless travel experience for all.
Nexgel director Jerome Zeldis buys common stock worth $9,999No. 6 Purdue routs Marshall
AP Sports SummaryBrief at 4:45 p.m. ESTPRAGUE, Czech Republic (AP) — When the referee whistled for the free kick just outside the area, Atletico Madrid forward Julián Álvarez quickly picked up the ball and moved in position to take the shot. “When I saw the free kick, I told Rodri (Rodrigo De Paul) that I felt confident with the shot,” Álvarez said. “And it was a great goal.” Álvarez, Atletico's main signing in the offseason , has not been lacking confidence lately. The Argentina forward curled in the free kick shot in the 15th minute for the first of his two goals in the team’s 6-0 rout of Brest in the Champions League on Tuesday — the team’s biggest ever away win in European competitions. “We'll keep rotating who takes the free kicks,” said Álvarez, who also found the net in the 59th. It was Álvarez’s seventh goal in the last 10 matches, and third in his last three games across all competitions. The 24-year-old had a slow start to his first season with Atletico, scoring twice in 10 matches. “It was a matter of time before we started connecting well with each other,” said Álvarez, who joined Atletico after two seasons at Manchester City. “We have to stay on this path to keep improving.” Ángel Correa also scored two goals for Atletico, with Marcos Llorente and Antoine Griezmann adding one each. “We know that in this format of the competition we need to keep adding the three points and scoring goals," Álvarez said. "It's important to get the points and the goals.” Atletico was sitting in 13th place in the 36-team league standings. AP soccer: https://apnews.com/hub/soccer
On the other hand, the possibility of a "Max Payne" remake has also been circulating in gaming circles. The original "Max Payne" series, created by Remedy Entertainment, is hailed as a classic in the third-person shooter genre. The gritty storyline, slow-motion "bullet time" gameplay, and iconic protagonist have left an indelible mark on gaming history. Given the recent trend of remakes and remasters of beloved classics, foreign media outlets have speculated that a modernized version of "Max Payne" could be in the works. If true, fans of the original series can expect updated visuals, enhanced gameplay mechanics, and possibly new content to breathe new life into this iconic franchise.The surge in stock prices also highlighted the importance of sound investment strategies and diligent research in navigating the volatile market environment. Investors who had conducted thorough analysis and selected quality stocks were able to reap the benefits of the market rally, while those who succumbed to panic selling or short-term speculation may have missed out on potential gains.
Former Elementary School Principal Zhong Moyan Sentenced for Accepting Bribes Totaling 9.49 Million RMBBeijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips. Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns. Exports of graphite, another key component, will also be subject to "stricter reviews of end-users and end-uses", the ministry said. "To safeguard national security interests and fulfil international obligations such as non-proliferation, China has decided to strengthen export controls on relevant dual-use items to the United States," Beijing said. "Any organisation or individual in any country or region violating the relevant regulations will be held accountable according to the law," it added. Washington announced Monday restrictions on sales to 140 companies including Chinese chip firms Piotech and SiCarrier, expanding efforts to curb exports of state-of-the-art chips to China. These can be used in advanced weapons systems and artificial intelligence. The new US rules also include controls on two dozen types of chip-making equipment and three kinds of software tools for developing or producing semiconductors. Beijing swiftly vowed to defend its interests. On Tuesday, China added that the United States had "politicised and weaponised economic, trade and technological issues" as it unveiled its own export curbs. The moves also restrict the exports of "dual-use items to United States military users or for military purposes", Beijing said. China accounts for 94 percent of the world's production of gallium -- used in integrated circuits, LEDs and photovoltaic panels -- according to a report by the European Union published this year. For germanium, essential for fibre optics and infrared, China makes up 83 percent of production. Beijing last year already tightened restrictions on exporters of the metals, requiring them to provide information on the final recipient and give details about their end use. But Tuesday's rules now ban them outright. It also previously restricted exports of certain types of graphite -- key to making batteries for electric vehicles. "The move is clearly a retaliatory strike at the US," Dylan Loh, an assistant professor at Singapore's Nanyang Technological University, told AFP. "It drives home an important point which is that China is not completely passive (and) there are some cards it can play and hit the US with as well with regards to chips," Loh added. These "back and forth curbs" could create supply chain disruption, as well as inflationary pressures, should they affect trade for third parties, said Chong Ja Ian, an associate professor of political science from the National University of Singapore. While the metals play critical roles in high-tech industries, they are upstream in the supply chain, meaning the immediate impact on production "is limited", Brady Wang, associate director at technology market research firm Counterpoint, told AFP. "As the US-China trade tensions have persisted for some time, many intermediary manufacturers in the supply chain have been stockpiling these materials," Wang added. Multiple Chinese trade associations released similarly worded statements Tuesday urging members to seek local alternatives to US chips. The Internet Society of China called on companies to "be cautious when procuring US chips, seek to expand cooperation with chip companies in other countries and regions, and actively use chips produced and manufactured in China by domestic and foreign enterprises". The China Association of Automobile Manufacturers accused Washington of having "arbitrarily amended the control rules, seriously affecting the stable supply of US chip products". "The Chinese auto industry's trust and confidence in the procurement of US chip products is being shaken, and US auto chip products are no longer reliable and safe," the association said. The US's Semiconductor Industry Association president John Neuffer said such claims over reliability and safety "are simply inaccurate". He added that the group is evaluating the impact of latest controls by Washington and Beijing, urging "both governments to avoid further escalation". isk-oho-bys/bfm
As the investigation into the multiple fainting episodes continues, the public is urged to remain vigilant and report any similar incidents or concerns at other bathing centers. By working together and holding such establishments accountable, we can strive to ensure the health and safety of everyone in our community.
Nova Scotia Progressive Conservative premier names new 21-member cabinetSouth Korea Martial Law Decree Spotlights Communist InfiltrationDespite facing adversity and fierce opposition, Real Madrid fought valiantly, displaying a level of intensity and passion that had been missing in their previous performances. The players showed extraordinary skill and resilience, never backing down from any challenge. Every tackle, every pass, every shot on goal was executed with precision and purpose, reflecting the team's unwavering commitment to success.
After days of intense search efforts, authorities finally identified the suspect and apprehended him in a dramatic raid. Details surrounding his arrest have not been made public, but sources close to the case indicate that the suspect did not resist and was taken into custody without incident.Moreover, some users have raised concerns about the impact of the new rule on family members sharing the same account. In households where multiple family members have been sharing a Tencent Video account, the new restriction may pose a challenge in terms of coordinating and managing access to content. This has led to calls for more flexible options that can accommodate the needs of different users within a household.