Dell Continues Buyback
Dell is diving right back into its buyback program in a big way. Yesterday,
the company said it would
continue
with its stock buyback plans, starting with a $10 billion purchase. This
is the first actual buyback since the company suspended the program in light
of an accounting debacle.
The PC and server giant from Round Rock, Texas recently completed an extensive
internal accounting investigation. As part of that investigation, Dell had to
restate its earnings for the last four years. Dell had previously said it would
start up the buybacks once the investigation had run its course.
Dell announced the restarted buybacks yesterday at its annual shareholder meeting,
and it's wasting no time. Buybacks start this week.
How much of your hardware is Dell? Any other vendors in the mix? How much do
vendors' financial hurdles affect your buying decisions? Clue me in at [email protected].
Posted by Lafe Low on December 05, 2007