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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 228.68-2.7%Nov 11 3:59 PM EST

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To: Kirk © who wrote (12145)11/19/2004 10:33:20 AM
From: BWAC  Read Replies (1) of 25522
 
Yes but, they spent $500 Million on the buyback. Not $160 Million. The other $340 Million had to come from somewhere, the cash to do it had to come from somewhere or had to come at the detriment of a dividend or reinvestment into income producing assets for example. (Ie They had the cash to spend, you didn't get it, and it wasn't put back into growing the business.)

Its about what they did with their available cash generated from earnings and what ever other means. Try reworking the statements as if no buyback occurred.

BTW we are dancing around the same issue and conclusion. I think the old typed wording vs how its read, and going deeper than intended into the mechanism, plus some general assumptions made or not made are causing all the confusion.
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