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1 Comment
Is IBM Thinking? [view article]
IBM is smart to buy back shares rather than increasing dividends. It defers taxation for stockholders and shifts the increased value to capital gains. Simple as that. They can increase R&D any time. Buying SW companies is the same thing for them - and is working. Don't encourage them to screw up a financial model that is working like a charm. Feb 27 10:44 PM