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HP resumes share repurchasing

HP has resumed buying back its own shares, the Palo Alto, Calif.-based computing company said Monday. The share-repurchasing program had been suspended during the consummation of the merger with Compaq Computer, but now HP has authorized $1.4 billion for buying back shares. Share repurchasing generally indicates that a company believes its stock is a good enough long-term value to be worth spending its own cash on.

HP has resumed buying back its own shares, the Palo Alto, Calif.-based computing company said Monday. The share-repurchasing program had been suspended during the consummation of the merger with Compaq Computer, but now HP has authorized $1.4 billion for buying back shares.

Share repurchasing generally indicates that a company believes its stock is a good enough long-term value to be worth spending its own cash on.