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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%Dec 26 3:59 PM EST
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To: Proud_Infidel who wrote (172437)1/9/2003 9:22:28 PM
From: brushwud  Read Replies (1) of 186894
 
Instead of rewarding innovation and growth, people are now looking for high-tech firms to start handing out dividend checks when this money needs to be reinvested in the business.

What you say might be true of most high-tech companies, but remember this is the Intel thread. Intel already pays dividends and spends billions of dollars per year investing in its own stock. Obviously, their expected returns from investment in their core business are unattractive and their attempts at diversifying through acquisition have almost universally failed. Bush's plan will promote the idea of redistributing corporate profit to shareholders who can put the money to use rather than having it hoarded by increasingly conglomerated dinosaurs.
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