Technology News
English Edition

IBM may buy back additional $5 billion in stock

By Assoicated Press | Updated: 31 October 2012 10:34 IST
IBM may buy back additional $5 billion in stock
Advertisement
IBM says its board had added $5 billion to its stock buyback program, bringing the total buyback authorization to $11.7 billion.

The computer and consulting company last added to it buyback program in April, in the amount of $7 billion. IBM Corp. said Tuesday that it expects to add more funding to the buyback program next April.

The total buyback authorization is equivalent to 5 percent of the Armonk, N.Y., company's outstanding shares.

Buying back shares increases the value of shareholders' existing stakes and can help support a company's per-share earnings.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: IBM, buyback
4 million Windows 8 upgrades since Friday: Microsoft CEO
Online videos gaining in US campaign: Study

Related Stories

IBM may buy back additional $5 billion in stock
Comment
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Featured
Follow Us
Latest Videos
More Videos
Tech News in Hindi
More Technology News in Hindi
Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Xiaomi India President Muralikrishnan B Exits Firm After Six Years
  2. OnePlus Pad 2 Price in India Discounted for Limited Time: See New Price
  3. Itel S25 Ultra Price in India, Design, Specifications Tipped
  4. Upcoming Electric Scooters in India: Activa EV, TVS Jupiter EV, and More
  5. Realme GT 7 Pro With Snapdragon 8 Elite SoC, 6,500mAh Battery Launched
  6. Samsung Galaxy S25 Ultra Case Leak Hints at This Major Design Change
  7. Infinix XPad Review
  8. OnePlus Ace 5 Specifications Tipped; May Get Snapdragon 8 Gen 3 SoC
  9. Instagram Rolls Out New Ways to Manage Message Requests in DMs
  10. Asus Zenbook S 14 OLED (UX5406) Review: Really Good
#Latest Stories
  1. Samsung One UI 7 Tipped to Bring AI Notification Summary Feature With Support for Multiple Languages
  2. Amazon Prime Video Gets AI-Powered X-Ray Recaps Feature That Generates Spoiler-Free Summaries of Shows
  3. OnePlus Ace 5 Key Specifications Leaked; Tipped to Get Snapdragon 8 Gen 3 SoC, 100W Charging Support, More
  4. Antarctic Ozone Hole Might Fully Recover by 2066, Claims New Study
  5. Xiaomi India President Muralikrishnan B Exits Firm, to Remain as Independent Strategic Advisor
  6. Researchers Identify Amygdala Cell Clusters To Treat Anxiety and Depression
  7. Zepp App 9 With Exertion Score, Other Improved Features Now Available for Amazfit Users
  8. iOS 18.2 Developer Beta 2 With Image Creation in Notes App and More Features Rolls Out: What’s New
  9. Oppo and PolyU Renew Collaboration to Focus on AI Imaging Technology
  10. Star Wars Outlaws' 'Biggest Update Yet' Arrives November 21, Will Improve Combat, Stealth and More
Gadgets 360 is available in
Follow Us
Download Our Apps
App Store App Store
Available in Hindi
App Store
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »