Omnicell Announces Common Stock Repurchase Program; Reaffirms Earning... ( MOUNTAIN VIEW Calif. Feb. 25 /- O...)

Omnicell Announces Common Stock Repurchase Program; Reaffirms Earnings Forecast

Date:2/25/2008

MOUNTAIN VIEW, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Omnicell, Inc. (Nasdaq: OMCL), a leading provider of system solutions to acute healthcare facilities, announced today that its Board of Directors has approved the repurchase of an aggregate of up to $40 million of its Common Stock over the next 12 months. The Company's Board of Directors decided to pursue this course of action after a review of the Company's financial position and investment alternatives. The Company expects the stock repurchase program to be accretive to earnings.

"This decision reflects our belief that our common stock is undervalued and does not reflect the intrinsic value of Omnicell, its performance and its prospects," said Randall Lipps, Chairman, President and CEO of Omnicell. "The repurchase program supports our strategic growth initiatives while utilizing available cash to optimize stockholder value. We believe Omnicell operations will continue to generate sufficient cash to make funds available for acquisitions and internal development."

Omnicell also announced that it expects 2008 earnings from operating income will be higher than previously estimated and expects the estimated return on cash investments to be reduced to an average of 3% as a result of recent Federal Reserve rate reductions, which will offset the increases in operating income. After these adjusted estimates, Omnicell reaffirms its previous 2008 earnings forecast of $0.85 to $0.88 per share, excluding stock compensation charges.

The purchases of common stock will be executed periodically as market and business conditions warrant on the open market, in negotiated or block trades, or under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company mi
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