Many Wall Street analysts believe that Microsoft may spend as much as $20 Billion to buy back its own stock over the next three months. Wentworth, Hauser and Violich’s Tim Allen comments in this article. It read:
“The market’s response to last week’s buyback report seemed to reflect relief that Microsoft was ‘not going to do something crazy’ with all the cash, said Tim Allen, analyst and portfolio manager at the Wentworth, Hauser and Violich investment firm in Seattle.”
Read the full story at http://www.businessday.co.nz/market/4653069