Friday, March 16, 2007
HP said Friday its board of directors approved an additional $8 billion to buy back company shares.
The buyback would help offset dilution created by shares from employee stock option plans and return cash to stockholders, HP said.
During its fiscal first quarter ended Jan. 31, the company bought back some $2.3 billion worth of its shares and had an additional $3.3 billion of authorized funds remaining for future buybacks.
By: DocMemory
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