TECHNOLOGY & TELECOMMUNICATIONS
<i> Times Staff and Wire Reports</i>
IBM Will Repurchase $2.5 Billion in Stock: The Armonk, N.Y., computer company’s board made the decision to boost the price of the stock, but it decided against increasing the dividend. The 25-cent-per-quarter payout remains the same, International Business Machines Corp. said, adding that it will buy the shares from time to time depending on market conditions. Some analysts say the company’s growth may have reached a plateau and that they’re looking for IBM to make some sort of acquisition. Chairman Louis V. Gerstner Jr. hinted in a statement that the company may consider such a move.
