The Nations

Summary


Microsoft announces $75 billion stock plan

SEATTLE - Microsoft plans to pay out most of its cash hoard directly to shareholders through dividends and stock buybacks totaling as much as $75 billion over four years, the software maker said Tuesday, ending speculation about the future of its dizzyingly large bank account.

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The Nations

Microsoft generated $10.4 billion in cash during its 2003 fiscal year alone. But its stock price has been little changed for almost three years, increasing pr...

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