|
|
 |
 |
 |
 |
   |
View items related to this story
BIG BLUE STREAKIt's a simple formula: Announce plans for a $3.5 billion stock buyback, jack up the quarterly dividend by 14%, and watch the stock soar. It worked for IBM. The giant's stock jumped to 157 7/8 from 150 3/8 on Apr. 29 and continued to 160 1/2 on Apr. 30, after it announced the dividend hike and the addition to its buyback plan. Big Blue's stock already was heading north after it reported better-than-expected earnings on Apr. 23, and analysts say a new line of mainframes should keep IBM humming.
RELATED ITEMS
|
Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use