Microsoft stock buyback may be in works
SeattlePI | at | by Mike
Microsoft may be poised to repurchase billions of dollars worth of its stock to reduce its huge cash balance and improve its share price, a Goldman Sachs analyst says. Rick Sherlund, who has followed the Redmond software company since it first sold shares to the public 18 years ago, wrote in a report published Monday that he expects the company to announce "a large share repurchase program and possibly a special distribution of cash, as well, to address the current cash position."