buying shares back and cancel them is even more effective to build share holder value MSft bought back almost $40 billionns of it shares over the last 6 yer sor so, and they are on the verge to make another major announcement for perhaps 40-50 billion buyback, so effectively cutting down the float by another 20%. I speculate that MSft will take this route to get EPS growth to more than 10% over the next 5 years. Another major new business will be harware sales like Surface Pro and Surface RT. It is reasonable to expect them to sell 5-15 millions unites in the coming 4 qauters. If this happens, these will add $3-6 billions of fresh new revenue in its very first year. This will be massive shareholder value buildup similar to what happened to Apple during the last 5 years or so.