Ibm plots another share buyback by william m. bulkeley the wall 14927
IBM Plots Another Share BuybackBy William M. BulkeleyThe Wall Street JournalFebruary 27, 2008 Corp. announced its second $15 billion stock-buyback plan in less than a year, boosting its shareprice and igniting a stock-market rally.The announcement helped convince investors that IBM, which had a strong fourth quarter, isconfident in its strategy and outlook and believes its stock is underpriced. IBM shares rose $4.30,or 3.9%, to $114.38 […]