Microsoft cranks up stock buyback program

By Dawn Kawamoto
Staff Writer, CNET News

Related Stories: Microsoft to share its wealth with investors
July 20, 2004

Microsoft on Friday said it would increase the size of its large stock repurchase program by an additional $16.2 billion, bringing the total to $36.2 billion shares it will acquire through June 30, 2011.

The software giant also announced the preliminary results from its modified Dutch auction tender offer, noting that it expects to acquire 155 million shares at $24.75 each. Microsoft expects to spend approximately $3.8 billion to buy back the shares.

See more CNET content tagged:
stock buyback, Microsoft Corp.

Latest tech news headlines

Kindle is most gifted Amazon item, ever
Posted in News - Business Tech by Michelle Meyers

December 26, 2009 11:19 AM PST
Microsoft, Intel to cede tablet market to Apple?
Posted in Nanotech - The Circuits Blog by Brooke Crothers

December 26, 2009 10:04 AM PST
Open source became big business in 2009
Posted in The Open Road by Matt Asay

December 26, 2009 9:10 AM PST
See all headlines

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

More feeds available in our RSS feed index.

Markets: Market news, charts, SEC filings, and more; Related quotes; Microsoft (0.26%) 0.08 31.00; Dow Jones Industrials (0.00%) 0.00 10,520.10; S&P 500 (0.53%) 5.89 1,126.48; NASDAQ (0.71%) 16.05 2,285.69; CNET TECH (0.64%) 10.53 1,657.91

Inside CNET News

Scroll Left Scroll Right

Business Tech
Kindle is most gifted Amazon item, ever
Statement on holiday sales declares the Kindle king; On Christmas Day, for the first time ever, more books for the e-reader sold than physical copies.
Gallery
Top-rated reviews of the week (photos)
The Open Road
Open source became big business in 2009
Open source has always been an important sideshow for software vendors, but in 2009 it became the main event thanks to Google.
Beyond Binary
Visual Studio launch delayed by 'a few weeks'
Microsoft says it's still working to resolve some performance issues related to the Visual Studio 2010 developer tool suite, which was slated for a March release.
Video
Behind the scenes of CBS's NFL coverage
Wireless
FCC member berates Verizon for termination fees
Commissioner Mignon Clyburn says in an open letter that she find Verizon's defense of its early termination fees to be "unsatisfying and, in some cases, troubling."
Video
Deep-sea volcanic explosion--part 2 (video)
The Social
Facebook COO nominated to Disney board
Sheryl Sandberg, who has been chief operating officer of the social network for nearly two years now, will join the board if shareholders approve in March.
The Space Shot
Soyuz craft docks, boosts space station crew
A Russian Soyuz spacecraft docked with the International Space Station Tuesday after a smooth, automated approach, boosting the lab's crew back up to five.
Gallery
Lookout keeps an eye on mobile-device security (photos)
Crave
Best hardware and software add-ons for your PC
From replacement keyboards and mice to reduce typing fatigue to aftermarket monitors that increase your workspace and external hard drives for more storage space, these peripherals are a simple and cost-effective way to show your PC the love it deserves.
Green Tech
Ford sees bump in hybrid sales
Carmaker says its hybrid sales are up 67 percent this year, despite an 11 percent slump industrywide.