JAKARTA (BAIKelko) – Qualcomm will carry out a buy back program or buy back shares circulating on the stock exchange worth US $ 5 billion or equivalent to Rp 48.5 trillion to replace the same program worth US $ 4 billion or equivalent to Rp 38.8 trillion.
“Qualcomm’s business continues to grow with a healthy cash flow. This makes us do a lot of strategic activities. Since the buy back action was carried out in 2003, we have returned around US $ 19.9 billion or the equivalent of Rp. 193.2 trillion to shareholders through buybacks or dividends, “said Chairman and CEO of Qualcomm, Dr. Paul E. Jacobs as quoted from Cellular-News recently.
This corporate action has no time limit. Corporations buy outstanding shares depending on market conditions and several factors that influence it. Funding from this corporate action uses Qualcomm’s internal cash. (Ss)
– .
