AMAT NOK $2 billion and $ 1.5 Billion buy back plan, music to my ears atleast.. They go for the big buyback as what bears call amidst a dead cat bounce that begins to move the global markets!! Now companies don't buy stocks in recessions and big deflations, when you have heard a Japanese bank buying its sotcks?? If stocks are going to be cheaper next year why should they buy now, and AMAT is not htat cheap and b to b below 81 should have spelled disaster..according to some,,..
Applied Materials (AMAT: news, msgs, alerts) rose $2 to $51.44 after the chipmaker said it plans to buy back up to $2 billion of its shares over the next three years. The company may also make additional share repurchases from time to time, depending on market conditions, share price and other factors.
Shares of Nokia (NOK: news, msgs, alerts) were up $1.11 to $26.11 after the Finnish telecom giant said it would buy back up to 50 million shares of its stock beginning as soon as Mar. 30. |
