On Tue, 26 Feb 2008 13:52:16 -0500, Vernon Wormer wrote:

> IBM is clearly in trouble because they have to resort share buybacks to keep
> the stock price up.
>
> (This is what the clueless unemployed liars like Schestowitz claim when MS
> does a stock buyback. So it must also be true for IBM, No?)
>
>
> http://biz.yahoo.com/rb/080226/ibm_buyback.html?.v=4
>
> NEW YORK (Reuters) - IBM (NYSE:IBM - News) said on Tuesday its board
> authorized a $15 billion share buyback program that could boost 2008
> earnings by up to 5 cents a share, sending its stock up more than 4 percent.
>
> IBM said it expects to spend up to $12 billion on stock repurchases in 2008,
> compared to $18.8 billion in 2007. It said it may buy shares in the open
> market or in private deals, and expects to use cash from operations for the
> buybacks.

Let's see what Mark Kent, self proclaimed financial wizard has to say about
this one.......


--
Moshe Goldfarb
Collector of soaps from around the globe.
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