IBM spends $15 Billion to artificially prop up share price - Linux

This is a discussion on IBM spends $15 Billion to artificially prop up share price - Linux ; 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 ...

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Thread: IBM spends $15 Billion to artificially prop up share price

  1. IBM spends $15 Billion to artificially prop up share price


    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.




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  2. Re: IBM spends $15 Billion to artificially prop up share price

    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.
    Please visit The Hall of Linux Idiots:
    http://linuxidiots.blogspot.com/

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