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Intel announces $20 billion increase in stock buybacks (from $4.5 billion)

posted by martyb on Sunday October 27 2019, @06:25PM   Printer-friendly

An Anonymous Coward writes:

"Intel today announced its board of directors has approved a $20 billion increase in its stock repurchase program authorization. In the third quarter, the company generated approximately $10.7 billion in cash from operations, paid dividends of $1.4 billion, and used $4.5 billion to repurchase 92 million shares of stock".

https://www.intc.com/files/doc_financials/2019/Q3/Q3-2019-Earnings-Release.pdf

Original Submission

 
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  • (Score: 3, Insightful) by deimtee on Monday October 28 2019, @03:34AM

    by deimtee (3272) on Monday October 28 2019, @03:34AM (#912631) Journal

    Not invested in Intel's future products true, but it also means that the previous owners of that stock will have $20B to invest wherever they like. Money just moves around, it is not destroyed by this sort of thing.

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