ookaze on 24 September 2008
Good move.
MS shares are being diluted hard and fast, so they need to do that quickly.
I remember when they had more than $60 billions in the bank (some people stuck 5 years ago still believe this), but the article states they have $23.7 billions left, because they already bought back billions of their shares.
In the current economy, when you don't know what to do with your money because you can't innnovate, the money in the bank will just lose value with the economy going down. It makes more sense to rely on debt (tresor bonds?) nowadays, at least in the US.
Notice this new buy back plan can deplete their cash reserve entirely.
