Paullee. expect the B of A people to short into the Dutch Auction today. I am excited to hear how many shares that they bought. The B of A analyst never takes into account that they have over $40 per share cash and if you take his $55 target price that is only $1.631B will they have over $1.2 B in cash now. Plus there is a good possibility that they could exceed his total with Lenovo's arrears and new license.
Any firm updating their coverage before knowing the new amount of outstanding shares remaining after the Dutch Auction is doing a disservice to their audience and their firm's reputation. Totally self serving on their behalf.