Apple stock buyback to begin today

TUAW
By Steven SandeOct 1, 2012, 9:00 am352 pts
Part of Apple's plan to burn up a bit of that US$117.2 billion cache of cash starts today, according to Fortune's Philip Elmer-DeWitt. Over the next three years, Apple will use US$10 billion to repurchase shares of AAPL. Elmer-DeWitt notes that one Wall Street analyst, Bernstein's Toni Sacconaghi, was less…

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