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EMC Corporation Buyback

OLI recorded this information on 5/30/2013

Company: EMC Corporation
Buyback: EMC buyback
$Amount Authorized: $6,000,000,000
Buyback Details: As part of the strategy, EMC's Board of Directors has increased its authorization to repurchase EMC common stock from $1 billion in 2013 to $6 billion over the three-year period ending December 31, 2015. Within this authorization, EMC expects to repurchase $3.5 billion of its common stock by the end of Q2 2014; this amount includes the $500 million EMC has spent on buybacks in 2013 to date.

EMC develops, delivers and supports the Information Technology industry's range of information infrastructure and virtual infrastructure technologies, applications and services. Co. has three businesses: EMC Information Infrastructure, which comprises the Information Storage, Enterprise Content Division and RSA Information Security segments; VMware Virtual Infrastructure, which develops and markets its product and service within three product groups: Software-Defined Data Center, Hybrid Cloud Computing and End-User Computing; as well as Pivotal, which unites strategic technology, people and programs from Co. and VMware, Inc.
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Company Name: 
EMC Corp. (MA)
Stock buyback: 
EMC buyback
Website: 
www.emc.com
Sector: 
Computers
 

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Buy (2.62 out of 4)
92nd percentile
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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