Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Ali Chen who wrote (34550)	7/15/1998 6:22:00 PM
From: Bill Jackson	Read Replies (1) of 1571732

Ali, If this has been done by normally accepted accounting procedures then it is a wash. The money spent on shares bought in the marketplace means they have bought an asset worth the 3 billion. Will it earn ? I have always been suspicious of company buy backs as it is commonly used to prop up a stock and if it falls anyway that money might just as well have been burnt. What do the usual run of analysts say about this? I do not give you the credence they command, but their is some truth in what you say. Bill

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