Qualcomm buying back 10 billion dollars in shares instead.
Confirmes, google it.
5 replies (most recent on top)
"anti-dilutive"
Aha ! Anther corporate speak. This means, "we got cash, but we got no ideas what to do with it"
A company bang out of ideas and empty on innovation.
Layoffs for buybacks. Georgie’s version of cash for clunkers
Op is jr Jacobs
This new $10 billion authorization is independent of any pledged repurchases related to the NXP acquisition failing.
http://www.sandiegouniontribune.com/business/technology/sd-fi-qcom-buyback-20180509-story.html
confirmed OP is mentally ill
“Consistent with our commitment to return capital to our stockholders, we are pleased that our board has approved a new stock repurchase authorization, which enables our continued anti-dilutive share repurchases and provides flexibility for potential additional repurchases, as we execute on our proposed acquisition of NXP,” said Chief Executive Steve Mollenkopf in a statement.
uh.. no.