When the half life on your stock boost from dumping your CEO is measured in days (especially when coupled with less than brilliant M&A transactions) what do you do? Why... resort to the oldest trick in the book: dividend and buyback (most likely leveraged)
- *MICROSOFT SETS $40 BILLION BUYBACK, BOOSTS DIVIDEND 22%
It seems ValueAct is active already - and doing all they can to cover the FUBAR move in Nokia. But - for all those buying on this news - this is merely extending the time-period of a prior buyback program - so just the dividend boost of 22% (23c to 28c with expectations of a shift to 26c) counts.
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It seems the catalyst for a higher Dow is fading fast now...