RTP-based IBM (www.ibm.com), one of the largest technology enterprises in the world, has received approval from the board of directors to repurchase up to $1 billion of its outstanding common stock in open market transactions by the end of February 2008. These repurchases, originally planned for March and April of 2008, are in addition to a $12.5 billion accelerated share repurchase announced earlier this year. According to company officials, the buyback authorizations will return value to existing IBM shareholders.
IBM is a CED member.