TECHNOLOGY - Nov. 19, 1992
From Times Staff and Wire Reports
Apple to Buy Back 10 Million Shares: Apple Computer Inc. said it will repurchase up to 10 million shares, or 8% of its outstanding common stock. Apple spokesman Bill Slakey said the buyback is intended to dilute the effects from the exercising of stock options and employee share plans. Apple has repurchased 38.6 million shares of common stock since July, 1986. The company had $1.4 billion in cash at the end of the fourth quarter and 118.5 million outstanding shares.
