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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: egan@mkr-group.comVikings staying on track and in control behind Sam Darnold’s composure and confidenceNone
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SANTA CLARA — Brock Purdy is charged with distributing the ball to the 49ers’ still-plentiful array of offensive weapons. On Tuesday, he threw disgruntled wide receiver Deebo Samuel his full support. “I want to get Deebo the ball every play if I could,” Purdy said. “I want to have him break all the records as best as possible. I want Deebo to do Deebo things, and we all do in this building.” Thing is, Samuel’s sub-par production this season has mirrored the 49ers’ rocky road to a 6-7 record entering (7-6). “Not struggling at all just not getting the ball!!!!!!!” Samuel wrote Monday in a since-deleted post on the social media platform X. The timing off that complaint was peculiar. The 49ers had just shaken a three-game losing streak with a 38-13 win over the Chicago Bears, a game Samuel acknowledged was their best offensive showing and most complementary outing. But the 49ers did so with minimal production again from Samuel, who had two catches for 22 yards and five carries for 13 yards. “You read what you read. A little frustrated, for sure,” Samuel said Tuesday at his locker before practice. General manager John Lynch asked 49ers fans to give Samuel “some grace,” and coach Kyle Shanahan also threw support behind Samuel’s gripes. “Deebo and I talk every day so I understand Deebo saying that,” Shanahan said. “Deebo wants to help us out, and the only way he is helping us is getting the ball more. And we’d like to get him the ball more.” Samuel, a two-time captain, has scored just two touchdowns (Week 1 run, Week 5 reception) after 12 last regular season; he had 14 in 2021. He missed the 49ers’ Week 3 loss in Los Angeles because of a calf injury. Three years removed from his All-Pro breakout season, Samuel’s production has taken a nosedive this season, even though he is getting the ball. His 72 touches (40 receptions for 533 yards, 32 carries for 92 yards) are second to only now-injured running back Jordan Mason’s 164. In an X post 10 minutes after complaining about his opportunities, : “Just cause I voice my opinions don’t mean I’m hating on any of my teammates!!” Jauan Jennings (57 catches, 774 yards, six touchdowns) and tight end George Kittle (56-800-8) have seized more on their targets from Brock Purdy, while 2022-23 mainstays Brandon Aiyuk and Christian McCaffrey have missed most of the season injured. “We’d always love things to stay in-house,” Shanahan said. “It’s probably why I don’t go on social media: I’d get worked up if I was reading stuff all the time. Is it a distraction in our building? No.” “He’s one of my best friends on this team. I absolutely love Deebo and what he’s done for me,” Purdy said. “He’s right: he’s doing great right now with what we ask of him the offense. He’s not struggling. Like Ricky (Pearsall) or Aiyuk last year a little bit, there are moments through a season where guys just don’t get the ball, depending on defensive schemes and taking guys away.” Samuel has flourished in the 49ers’ rivalry against the Rams, including three years ago when his “wide back” persona emerged as he scored on both a run and a reception to lead the victorious 49ers out of a 3-5 rut and toward the playoffs. That dual-threat duty is not such an inventive concept anymore, however. “They’re not surprised anymore,” Samuel said. “We’ve been doing it almost three years now, so you’ve got a 50-50 chance whether I’m in the backfield getting a handoff or anything along those lines. They have a glimpse of what’s going on. ... There’s three or four (defenders awaiting) no matter who has the ball.” “Deebo has created such a high standard, the things he’s done, the innovation which we’ve created things for Deebo. That’s part of the problem,” said Lynch, noting that multiple teams now deploy Samuel-esque, dual-threat players that no longer surprise defenses. “... That frustration mounts. But he’s made so many plays for us, I think we need to give this guy some grace and bring him along, because we need him the rest of the way,” Lynch added. “We need him Thursday night. Deebo’s a big part of this team. We’re alright. We can all learn from different situations and a lot of things in the world these days that you can get caught up in.” Some of Samuel’s most productive efforts this season have come as a kick returner (11 returns for 333 yards, including six returns in their Dec. 1 loss at Buffalo). “We’ve got a lot of big football to play and he’ll be a big part of our season moving forward,” Lynch said. As for next season, Samuel carries a $16 million mark on the salary cap. The 49ers restructured his contract in March, so he would incur a $31.6 million hit if he’s released or traded before June 1; after that date, an exit would count $11 million in 2025 and $21 million in ’26. Running back Isaac Guerendo’s foot sprain Sunday kept him out of Tuesday’s light walkthrough and it’s uncertain whether he’ll make a second straight start. Guerendo ran for 78 yards and two touchdowns, and he had 50 yards on two catches, before exiting and bequeathing the backfield to Patrick Taylor Jr. Guerendo got clocked at 20.2 mph on a 30-yard, second-quarter carry that was the NFL’s fastest by a running back in Week 14. The 49ers remain reluctant to declare whether linebacker Dre Greenlaw will make his season debut Thursday night, the date pegged for his comeback from an Achilles tear in the Super Bowl. Shanahan said there’s been no setback, that he merely wants to talk first to Greenlaw and see how the next two days go. Defensive end Nick Bosa (oblique, hip) and left tackle Trent Williams (ankle) will officially miss the fourth week of practice, albeit this week’s only consisting of Tuesday’s walk-through that began at 5:10 p.m. Shanahan has not indicated whether they’ll miss a fourth straight game. While left guard Aaron Banks practiced for the first time since a Nov. 24 concussion in Green Bay, guard Ben Bartch (ankle) did not practice and is expected to go on Injured Reserve before Thursday’s kickoff. Limited were defensive end Yetur Gross-Matos, safety Malik Mustapha, and linebackers Dee Winters and Demetrius Flannigan-Fowles. Defensive tackle Javon Hargrave’s bloated contract was restructured to lessen the 49ers’ financial restraints next year. While that could stage his potential release after two seasons, as pointed out by OverTheCap.com, Hargrave is also more affordable to keep, seeing how his 2025 salary was chopped from $19.9 million to $2.1 million, and his salary cap mark fell from $28 million to $10.3 million. “The plan for him is to be a Niner,” Shanahan said, deferring business matters to the front office staff. “The mechanics of contract stuff, those are things I don’t look into until after the offseason.” Hargrave, 31, has been on injured reserve since tearing a biceps in the Sept. 22 loss at Los Angeles. He made the Pro Bowl last season and totaled seven sacks in his first year with the 49ers. Jordan Elliott replaced him in this season’s lineup next to Maliek Collins, with rookie Evan Anderson, Kevin Givens, Kalia Davis and Khalil Davis also in the interior rotation.
Now that former President Donald Trump has won the US presidential election, should President Yoon Suk Yeol practice golf and get used to hamburgers? By indulging in Trump’s favorites, can President Yoon win the US leader's heart and build a bromance with him for the sake of South Korea’s national interests? Unfortunately, these seemingly playful questions have become a serious topic lately in Seoul’s political and diplomatic circles. That is because as the most powerful leader in the free world, Trump can either help or hurt Korea in the most powerful ways. Korea’s security, trade and perhaps entire future very much depends on this man across the Pacific. US presidents have always been important for Korea. And in critical issues of security and economy, US policies have been generally predictable. Depending on which party holds power, Korea could prepare relatively well for a power change in Washington. But the first Trump presidency from 2017 to 2021 was anything but predictable. Like a loose cannon, he introduced many surprising, impulsive and unconventional policies that disrupted the existing world order and shook the global security and economic landscape. He downplayed the value of alliances and sometimes heaped praises on opponents. His love for strongmen, which at times led to bromances, was a particular shock. The list of Trump’s bromances, especially with strongmen, is quite long. During the recent campaign, he said he had “fallen in love” with North Korean leader Kim Jong-un. “I think he misses me,” Trump said of Kim, a tyrant oppressing his population of 25 million with absolute terror. Trump once said he can solve the thorny problem of North’s nuclear weapons development by having hamburgers with Kim. In fact, Trump was the first and only US president who ever met a North Korean leader. Although their two summit meetings failed in the end, Trump still boasts his personal rapport with Kim. Another notable strongman with whom Trump has a certain bromance is Russian President Vladimir Putin. Having called Putin “a genius,” Trump insists that he can end the war in Ukraine in a day using his personal relations with the Russian leader. As a former businessman who boasts of his negotiation skills, Trump believes he can be an efficient broker between Putin and Ukrainian President Volodymyr Zelenskyy. His view of diplomacy is nothing but the give-and-take of business transactions. There are many other authoritarian leaders Trump is fond of. He often praises Hungarian Prime Minister Viktor Orban for his populist anti-immigration, anti-LGBTQ+ policies. Argentine President Javier Milei is another Trump favorite. Milei’s libertarian ideology of an unregulated market economy, among others, is exactly what Trump hopes to pursue during his second term. There is also Saudi Arabian Crown Prince Mohammed bin Salman, another tyrant accused of masterminding the murder of a dissident journalist, who has amicable relations with Trump. One doesn’t have to be an autocrat to win the Trump's heart. His latest bromance is of course with Tesla founder Elon Musk. Having thrown full support behind Trump’s successful campaign, Musk has now become Trump’s “First Buddy,” who has almost dictated the formation of the president-elect’s new cabinet. After the election, Musk spent a few days with Trump at his Mar-a-Lago resort in Florida, greatly influencing Trump’s policies. Trump’s reward for Musk’s help is to name him head of the newly-formed Department of Government Efficiency that is going to ax federal government jobs and budgets to cut costs -- a project the two hatched together during the campaign. For Korea’s President Yoon, however, there is another bromance he needs to study to become friends with Trump. Former Japanese Prime Minister Abe Shinzo is known as one of very few western leaders to have enjoyed a Trump bromance. But it didn’t come easily for the late Abe. He made tremendous efforts to win the US leader's trust from the day Trump was elected in 2016. Fully acknowledging the importance of the US and its president for the security and economy of Japan, he visited President-elect Trump in New York even before his inauguration to the ire of the outgoing Democratic US administration. Once Trump was president, Abe was the first foreign leader he invited to Washington to meet with him. Abe didn’t just meet Trump. He studied every aspect of the president meticulously to forge long-lasting chemistry with him. Knowing that Trump is a golf addict, Abe presented him with a set of gold-plated golf clubs. In return, Trump invited Abe to his Florida golf course for a near full-day rounding. Among their meals were of course the hamburgers Trump enjoys most. When the new Japanese Emperor Naruhito was enthroned in 2019, Trump was invited by Abe and given the full red-carpet treatment. Together, they watched a Sumo wrestling match as good friends would do. Thanks partly to the bromance, the Trump administration’s policy toward Japan was generally favorable. While Trump doubted and even detested US alliances with some European countries, Japan was largely spared such troubles. In the decadesold case of North Korea’s abduction of Japanese citizens, Trump continued to support Japan’s position, demanding action from the North. Abe’s vision of an Indo-Pacific security partnership was implemented as an official policy by Trump who viewed it as an efficient way to check China’s rise. President Yoon might be able to forge some degree of friendship, if not a bromance, with Trump if he works as hard as Abe did. There are some potential opportunities. When Yoon visited Washington last year for a summit meeting with President Biden, he impressed his host by singing the famous pop song "American Pie" at a White House dinner. Yoon’s personal gesture was positively accepted by Biden. With the more precarious and unpredictable Trump, Yoon may have to muster some more dramatic and touching gestures, including eating hamburgers and playing golf. Lee Byung-jong Lee Byung-jong is a former Seoul correspondent for Newsweek, The Associated Press and Bloomberg News. He is a professor at the School of Global Service at Sookmyung Women’s University in Seoul. The views expressed here are the writer’s own. -- Ed.49ers WR Deebo Samuel speaks on his deleted tweet: ‘A little frustrated, for sure’
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