TITLE

TechSpin: Microsoft and HP Buy Back Shares

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
September 2008
SOURCE
Red Herring;9/22/2008, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reveals the plan of Microsoft to spend as much as $40 bilion in buying back its own shares between 2008 and 2013. It also plans to raise its dividend from 11 cents to 13 cents a share which is payable on December 11, 2008. According to the author, buybacks are often perceived as a loss of imagination. The failed effort of Microsoft to take over Yahoo in early 2008 disappointed several investors. Meanwhile, computer maker Hewlett-Packard is also planning an $8 billion repurchase of its shares.
ACCESSION #
36646784

 

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