All the latest UK technology news, reviews and analysis
|
|
|
22 Sep 2008
Microsoft intends to spend up to $40bn (£21.7bn) buying back its own shares in a move designed to increase share value and please shareholders.
The announcement follows the completion of Microsoft's stock repurchase programme.
The company said that it has returned over $115bn (£62bn) to shareholders over the past five years through a combination of share repurchases and dividends.
"These announcements illustrate our confidence in the long-term growth of the company and our commitment to returning capital to our shareholders," said Chris Liddell, chief financial officer at Microsoft.
Market watchers had expected such a move following Microsoft's failure to purchase Yahoo, which had sent its share value tumbling.
Latest stories from Management
Related articles
Related jobs
Poll
What is the most important IT priority for your company this year?
Sneak peek at the forthcoming glass-based machine
Connect with V3.co.uk
This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes
Why good data management at all levels is essential in the modern business (video, 6mins)
Systems Analysis Project Lead - UML, Agile, Waterfall...
IT Business Analyst - ISEB, PRINCE2 - Southampton, Hampshire...
Predictive Modelling analytics - (SAS) - South-East...
iOs Developer - JEE, cocoa, Objective-C - Midlands (potential...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?