Shares of Qualcomm Inc. rose $1.45, or 2 percent, to
$73.20, before the opening bell Thursday. The stock is up about 10 percent this year.
The telecommunications equipment company, based in San Diego, said it expects to buy back
an initial 178 million shares from Bank of America, Citibank, and Morgan Stanley & Co. The final figure will be determined during the transaction.
The company said it is on track to complete the majority of its broader repurchase program by the end of fiscal 2019.
Read more at: https://phys.org/news/2018-09-qualcomm-repurchase-billion-banks.html#jCp
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