Why Apple’s CEO May Want to Think Twice About a Buyback
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Bigger stock buybacks like the one Carl Icahn is urging Apple Inc. Chief Executive Officer Tim Cook to adopt don’t always have the desired effect.
Technology companies have a poor record of producing returns through share-repurchase programs, according to research by Bloomberg Industries. The cost of the buybacks rarely is matched by corresponding increases in market value, an analysis of six U.S. technology companies with buybacks found.