Stock buy backs are GREAT for moving $$$ into senior managements bank accounts :
https://www.nytimes.com/2019/02/03/opinion/chuck-schumer-bernie-sanders.html
Super sh-- for stockholders and employees !
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During the BCRM fiasco and the execs desperate begging to keep their fat compensation, didnt they put out a flyer promising datacenter to be a $19 billion market just waiting to be grabbed ??
Fast forward one year.......didnt materialise...........it seems insider trading is a big no no; but stock manipulation is all fair game.
Stock manipulation to drive their pocket books seems par for the course. Modern day bank robbers. If you take the time to view the information flow prior and during the Broadcom fiasco it is very interesting. Since the 2018 January exec plea to save their jobs they have taken most of the ‘opportunities’ off the table, had NXP nixed, and reduced the market outlook twice. Begs of when they knew information and when they chose to disclose. Throw in the entire licensing mess, collection? Or uncollected that is? And story doesn’t add up. Didn’t They present during an analyst day some years back the huge opportunity the uncollected pot is and once China regulators ruled there would be a billion dollar opportunity? What happened? It’s all smoke. Look forward to analyst day in March.
Quality has always been barely good enough, now its not good enough.
Going to take many years to recover from recent years of damage at hands of CEO and CFO.
Stock buybacks like Q is doing are the executives saying, "we are out of ideas, innovation died so either we burn more of your $$$ on genius ideas like MediaFlo or Servers, or we give it back to you"