Hewlett-Packard in stock-buyback mode

Calcutta News.Net
Tuesday 31st August, 2010

Hewlett Packard has decided to go further with its stock buyback program.

The company has expanded the program by $10 billion after the board approved the purchase on Monday.

Stock analysts have said the announcement is a good sign that HP is stable and financially strong as it continues to be involved in a bidding war for the data storage company 3PAR.

HP is trying to beat its rival, Dell, to 3PAR and has already offered $2 billion for the company.

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