IBM TO BUY FURTHER 4M OF ITS OWN SHARES

Now that its share price has start to bubble again (see page 4), IBM has moved to keep the pot boiling and its board yesterday approved the purchase from time to time of another 4m of its own shares: two such programmes last year were for a total of 15m shares, of which 11m have so far been acquired, leaving 8m to be taken out of circulation.

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