BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 77.66

-0.6%

Nov 11 3:59 PM EST

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To: Greg Thornton who wrote (818)	9/20/1999 11:38:00 AM
From: TechTrader42	Read Replies (1) of 980

Well, it's looking pretty good today, after this news: MINNEAPOLIS, Sept 20 (Reuters) - Retailer Best Buy Co. Inc. said Monday that its board of directors has authorized the repurchase of up to $200 million of stock from time to time in the open market. In August, Best Buy completed the $100 million repurchase plan authorized last October. It currently has approximately 205 million shares outstanding. "This program was approved based on current market conditions, as well as our goal of creating economic value for our shareholders," said Chairman and CEO Richard Schulze. Best Buy recently announced it plans to open 55 to 60 new stores next fiscal year, including entry into the New York market. chicago.equities.newsroom@reuters.com))

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