Microsoft starts $40 billion share clawback

Stefan Mileschin · 24th September 2013, 06:25

Software giant Microsoft is starting its $40 billion share buyback scheme.

The Vole, which seems to be trying to inject a bit of enthusiasm into its stagnant shares, also announced that it is increasing its dividend by 22 percent to 28 cents a share.

Microsoft has been quietly buying back its own shares since 2008 which may cause some to question if buybacks are worth it. It does indicate that the Vole is attempting to reassure its shareholders that restructuring around "devices and services" is a safe bet.

According to the Times of India, Microsoft shares rose 0.59 percent to close at $32.93 on the back of the news.

Keith Weiss, analyst at Morgan Stanley, said the news was positive for Microsoft but he was still worried about the "struggling devices strategy".

Citi analyst Walter Pritchard said the company needed to return more capital through dividend.

Microsoft has more than $70 billion in cash holdings, much of which is held overseas.

The Vole is expected to unveil new Surface tablets in New York, which a few analysts appear to be holding out some hope for.

http://news.techeye.net/business/mic...share-clawback

24th September 2013, 06:25	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	Microsoft starts $40 billion share clawback Software giant Microsoft is starting its $40 billion share buyback scheme. The Vole, which seems to be trying to inject a bit of enthusiasm into its stagnant shares, also announced that it is increasing its dividend by 22 percent to 28 cents a share. Microsoft has been quietly buying back its own shares since 2008 which may cause some to question if buybacks are worth it. It does indicate that the Vole is attempting to reassure its shareholders that restructuring around "devices and services" is a safe bet. According to the Times of India, Microsoft shares rose 0.59 percent to close at $32.93 on the back of the news. Keith Weiss, analyst at Morgan Stanley, said the news was positive for Microsoft but he was still worried about the "struggling devices strategy". Citi analyst Walter Pritchard said the company needed to return more capital through dividend. Microsoft has more than $70 billion in cash holdings, much of which is held overseas. The Vole is expected to unveil new Surface tablets in New York, which a few analysts appear to be holding out some hope for. http://news.techeye.net/business/mic...share-clawback

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Microsoft is worth $34 billion less than last week	Stefan Mileschin	WebNews	0	23rd July 2013 06:44
Microsoft goes mainstream to win phone share	Stefan Mileschin	WebNews	0	6th May 2013 06:54
Microsoft gains share in smartphone wars	Stefan Mileschin	WebNews	0	1st May 2013 07:08
Microsoft owes $1 billion in Denmark	Stefan Mileschin	WebNews	0	5th March 2013 07:07
WD Announces Additional $1.5 Billion In Share Repurchase Program	Stefan Mileschin	WebNews	0	23rd May 2012 08:12
Microsoft starts planning Office 15	jmke	WebNews	0	9th December 2009 09:06
Graphics Adapter Market Skyrockets in Q3, ATI Starts to Fight Back Market Share	jmke	WebNews	0	28th October 2008 16:20
Microsoft hit with $1.5 billion patent verdict	Sidney	WebNews	2	24th February 2007 13:41
Microsoft starts CPU architecture team	jmke	WebNews	0	20th October 2006 07:02
Microsoft is giving away $32.6 Billion	Sidney	WebNews	0	3rd December 2004 00:05