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Politics : Ask Michael Burke

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To: Chuzzlewit who wrote (71044)11/28/1999 1:44:00 PM
From: Thomas M.  Read Replies (3) of 132070
 
What really bothers me about these kinds of posts is the monumental amount of misinformation glibly passed in these threads.

My God, you're arrogant. Skeeter made a better point than any of your inane hogwash. Why is a company that is supposedly drowning in cash raising money on the open market?

From you own post:

Dell had 2,540MM shares o/s on July 30, and 2,543MM o/s on January 29, 1999. And on February 1, 1998 there were 2,573 shares o/s.

The buybacks are not significantly reducing the share count. They are simply financing the issuance of new shares to insiders. This is not "free cash flow". This is paying one's employees, a basic cost of business.

Tom
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