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I’m guessing the next logical step is layoffs.
No, that was the previous logical step. They’ve been doing it for a year, including in the last week.
Good point, had to free up some money before doing the buybacks.
That’s really a lame dividend. I have no idea why the stock would shoot up 15% to $160 on the news that shareholders will receive $0.20 per share. Even with the buyback program it won’t be that big of a boost. The better asset allocation would’ve been to keep innovating but I guess they’re out of ideas?
