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Adobe (ADBE) +1.3% AH after announcing a $2B stock buyback plan, good for acquiring 12% of...

Adobe (ADBE) +1.3% AH after announcing a $2B stock buyback plan, good for acquiring 12% of outstanding shares based on today's close. Adobe, which had $2.8B in cash and investments on its balance sheet as of March 2, also says an existing $1.6B authorization due to expire in FY12 has been used up.
Comments (1)
  • whitehead1
    , contributor
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    I am going to sell my ADBE after this announcement. I hate companies who buys back shares instead of giving dividend to their shares holders. I think I can use cash more efficiently then them. Hardly have seen any buy back work for the long term,
    12 Apr 2012, 09:33 PM Reply Like
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