Blackberry share buy back

[pete6032]

Apparently they feel secure enough in their products and services that they'd rather buy back shares than spend the money on innovation and R&D.

http://mobile.reuters.com/article/idUSKBN0O62TC20150521?irpc=932

 

[kyrax12]

Didn't Apple do something like this?

 

[Artdeco]

Their money would be better spent taking out a contract on the ceo's that ran their company into the dirt.

 

[Commodus]

Didn't Apple do something like this?

Yep, it has a buyback program. Mind you, for very different reasons: Apple is mostly trying to fend off Carl Icahn and other activist investors that try to hijack companies and care only about short-term payouts, not long-term prospects.