Tuesday, August 31, 2010

HP Buying Back $10 billion worth of stock

     I choose this article because Hp is one of the largest company in this worl and I like the way how HP company has develop  their company to the world wide and become a very well know this day. Not only these several reason Hp company also have a very strong balance sheet with the best control  manager. Furthermore, after I has read the artical I feel that this company try their best to achieve it aim.
Hewlett-Packard has been given the go-ahead by its board to buy back up $10 billion of it own stock. The target of HP company is to pick up shares"opportunistically"  and expect to reducehas at lease $3billion wealth of their shared in their fourth quster at the right price level.This rise up authorization will be sure that they have sufficient capacity to continue to be active in repurchasing their shares prior to their fiscal fourth-quarter earnings announcement in November. Moreove, the comapny have been fighting with other company, for example Dell company. Furthermore, fews day ago the back and forth saw these two company trying to top each other with incresingly higher bids.
To conclude, i think artical is very good because it tells me that what you are aiming you have to reach it.

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