Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: StockDung who wrote (18152)	8/18/2006 10:28:12 AM
From: scion	of 19428

Microsoft Boosts Buyback Plan A WALL STREET JOURNAL ONLINE NEWS ROUNDUP August 18, 2006 9:50 a.m. online.wsj.com Microsoft Corp. said Friday it increased its ongoing share buyback plan by about $16.2 billion, boosting its total repurchase authorization to $36.2 billion through June 30, 2011. The company originally announced share buyback plans when it posted fiscal fourth-quarter results July 20. At the time, the Redmond, Wash., software giant said the stock-buyback program would include a $20 billion tender offer for shares to be completed Aug. 17, and authorization for as much as $20 billion in additional buybacks through 2011. Microsoft said Friday that preliminary results of a tender offer, conducted as a Dutch auction that closed Thursday, indicate it will repurchase about 155 million of its common shares at $24.75 each, for a total cost of about $3.8 billion. That was at the high end of the expected range. These shares represent approximately 1.5% of the shares outstanding. Shares of Microsoft gained 31, or 1.3%, $25.01 in morning trading on the Nasdaq Stock Market Friday. Write to the Online Journal's editors at newseditors@wsj.com

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