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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: Boplicity who wrote (1772)5/19/2000 9:17:00 PM
From: Boplicity  Respond to of 13572
 
He is another one, we will see more of this..

<<Hewlett-Packard Boosts Stock Buyback Program by $2 Billion


Palo Alto, California, May 19 (Bloomberg) -- Hewlett-Packard Co., the world's second-largest computer maker, said its board authorized an additional $2 billion in stock repurchases, the third boost to the buyback program in the past 12 months.

The company said $1 billion of the buyback is to make up for dilution from employee stock plans. That part of the repurchase program has $390 million left from earlier authorizations. The other $1 billion is unrelated to employee compensation, and is in addition to the $790 remaining from past programs. In all, Hewlett- Packard is authorized to buy back $3.18 billion in stock.

The board also declared the regular quarterly dividend of 16 cents a share, payable July 12.

Palo Alto, California-based Hewlett-Packard shares fell 5 7/16 to 126 1/4 in New York Stock Exchange trading. The stock has risen 11 percent this year.>>

Also, I was at the Dr. office two week's ago and saw a Newsweek with cover story about the market drop, always a good sign of a market nearing the end of a drop when they start to talk about it on covers of rags.

Greg