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Micron Will Buy Back $1 Billion in Shares

2014-10-27 21:40:53| Semiconductors - Topix.net

Micron Technology shares jumped in value at the opening bell of the NASDAQ exchange this morning after the Boise-based company announced that it would purchase $1 billion of stock in a buy-back program. "Our business continues to generate strong operating cash flows, enabling us to invest in our strategic growth initiatives while also returning capital to investors," said Chief Financial Officer Ron Foster in a company statement issued this morning.

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