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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (48691)2/18/1999 9:08:00 AM
From: rupert1  Read Replies (1) of 97611
 
El: A lot of companies announce a buyback programme at critical times, for psychological reasons, and never carry it out. I understand that DELL already has a buy-back programme authorised on the books but has not been using it. It will need to buy back an awful lot if it wants to support an unsupportable p/e ratio.

I think CPQ already has buy-back authorisation. As I understand it, the main purpose was to replace shares given away as compensation to employees. Does anybody know if the programme was activated and whether it has been exhausted.
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