so they have 16,191,000 fewer shares now but bought back 17,000,000 shares for 17.30 each
In essence they gave away 33,191,000 shares (probably stock options). Damn someone is making a lot of money and it sure isnt shareholders
Did they buy an companies in this last Q using up shares?
I see they bought ATMI's Treatment Systems Business but it looks like that was for cash.
Applied Materials Acquires ATMI's Treatment Systems Business
biz.yahoo.com
The only other way to lose shares other than a purchase is stock options correct? Gift to charity?
Shareholder dilution of 33,191,000 * 17.30 = $574,204,300
Net income for the first fiscal quarter of 2005 was $289 million, or $0.17 per share, down from net income of $455 million, or $0.27 per share, for the fourth fiscal quarter of 2004, and up from net income of $82 million, or $0.05 per share, for the first fiscal quarter of 2004.
In other words if stock options has to be expensed AMAT really lost $574-289 or $285+ million .... correct? Basically they lost 17 cents a share not made 17 cents a share. Do I have this correct?
Mish |
