HTC has just announced plans to re-purchase nearly 10 million of their common shares from the stock market. HTC stated that the reason for this decision is simply to reduce capital. We can’t help but wonder if the volatility in the world wide stock market has anything to do with their decision. Thousands of companies have been hit hard with steep stock price declines. HTC’s stock buy back represents nearly 1.32 percent of all HTC stock on the open markets. Buy reducing the stocks, HTC stock price will be less volatile to huge price swings as the global economy tried to recover.
