HTC to Buy Back Own Stock

Not much to say here, looks like HTC is taking advantage of the fact that their stock took a dip earlier to consolidate some of their ownership. Palm also did this earlier this year. I'm no stock analyst, but it seems like a good idea to me.

High Tech Computer (HTC) has decided to carry out a stock buy-back plan, aiming to purchase as many as five million outstanding shares of its own stock from the Taiwan stock market at a price ranging from NT$601 to NT$800 (US$18.50-24.60), the company said on December 12 after a board meeting.

Read: HTC to buy back own stock to shore up share price

WC Staff