Dell leads the way with share buyback programme

With cash to spare and shareholders to please, more companies have this week announced they are launching, or at least thinking about, share buyback programmes. Dell, the US technology company, has said it will use $10 billion to repurchase an additional 250 million shares. Since 1996, the company has spent more than $18 billion buying back 1.2 billion shares, reducing weighted average shares outstanding by 20%.

James Schneider, Dell’s CFO, said: “Our business is exceptionally efficient and our cash flow from operations is consistently outstanding.