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- ---- Microsoft To Shed Billions to Buy Back Stock
Neo541 - 6:14 pm on Jul 22, 2004 (gmt 0)
|Wait so I'm confused so the company can decide weither to pay out it's share holders? |
Technically, when you buy a share of Microsoft, you're buying a share of their cash stockpile too.
The board just decided that the company didn't need such a huge stockpile, so they are giving it to the "owners."
Stockholders still get to keep all their shares, they just get a check for $3/share.
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