Ralph
10.05.2001, 06:39
EMC konnte gestern nach Börsenschluss deutlich zulegen, nachdem die Company bekanntgab, dass man ein Aktienrückkaufprogramm durchziehen wird.
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Storage company EMC (EMC:NYSE - news) climbed 2.5% to $42.00 on Instinet on news it had its board authorize the repurchase of up to 50 million shares of common stock, or about 2.2% of total shares outstanding. EMC said the stock purchased under the buyback program will be available for various corporate purposes, including employee stock option and employee stock purchase plans.
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Ralph
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Storage company EMC (EMC:NYSE - news) climbed 2.5% to $42.00 on Instinet on news it had its board authorize the repurchase of up to 50 million shares of common stock, or about 2.2% of total shares outstanding. EMC said the stock purchased under the buyback program will be available for various corporate purposes, including employee stock option and employee stock purchase plans.
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Ralph