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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (51611)	1/26/2006 9:49:15 PM
From: shades	Respond to of 110194

Ramsey I just dont get it - there are so MANY things to invest in besides shares - we still dont have holodecks, spaceships, robots, lightsabers, cancer cures etc etc - I am very dissapointed in all these companies of late that have lost the ability to innovate and stay creative and the best thing they can think of using cash for is share buyback. DJ Microsoft Repurchased $7.7B In Stk In 2Q >MSFT . WASHINGTON (Dow Jones)--Microsoft Corp. (MSFT) reported repurchasing $7.7 billion worth of stock in its quarter ended Dec. 31, 2005, and said that penalties imposed by Korean antitrust authorities won't force it to withdraw its Windows operating system from the country. Microsoft had warned that an investigation by Korea's antitrust watchdog could ultimately lead to the withdrawal of Windows from the country. However, the software giant said Thursday in its quarterly report filed with the Securities and Exchange Commission that the results of the probe "do not prevent us from distributing Windows in Korea." In December, the Korean Fair Trade Commission ruled that Microsoft abused its market dominance, fined it $32 million and ordered the software giant to offer alternative versions of Windows. Microsoft said it will appeal the decision. Microsoft had said in a previous regulatory filing that if the commission ordered Microsoft to remove code or redesign windows, it "might be necessary to withdraw Windows from the Korean market." Microsoft, which also reported the buyback in Thursday's filing, indicated it paid an average price of $27.07 each for 283.1 million shares. The company, which had announced its intention to buy back $30 billion worth of shares before the end of 2006, said nearly $19 billion worth of shares remain to be purchased under the plan.