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Xilinx (XLNX -1%) authorizes a new $750M stock buyback, good for acquiring 8% of outstanding...

Xilinx (XLNX -1%) authorizes a new $750M stock buyback, good for acquiring 8% of outstanding shares at current levels. The chipmaker notes it has repurchased $1.8B worth of shares since FY08. (PR)
Comments (1)
  • Paulo Santos
    , contributor
    Comments (17883) | Send Message
     
    Well, the $1.8 billion repurchase lowered diluted shares by just 20 million shares or so. So some $1.1 billion of it went just to fight ongoing dilution.

     

    Makes you wonder about the prospects of investing in such companies, even if XLNX is probably one of the best.
    13 Aug 2012, 12:44 PM Reply Like
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