posted by Thom Holwerda on Thu 20th Jul 2006 22:25 UTC
Microsoft on Thursday reported earnings that were just ahead of analysts' expectations, as the company announced a plan to buy back as much as an extra USD 40 billion worth of its stock. The software maker said it would buy back USD 20 billion through a tender offer set to be completed on Aug. 17. The company said that its board of directors has also authorized the company to buy back up to USD 20 billion worth of stock through June 2011. The company said it has completed the USD 30 billion stock buyback announced two years ago.