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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 94.27

+2.2%

Dec 11 3:59 PM EST

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To: Bill Holtzman who wrote (5771)	2/26/1999 11:27:00 AM
From: Bill Holtzman	Read Replies (2) of 14451

I'm not an accountant but: If they buy back 27 mil shares, does the number of shares outstanding decrease? I'm thinking it doesn't, but it seems as though it should. Let's say 186 mil sh are outstanding, and they buy back 27 mil. Now the owners of the remaining 159 mil own the company and the other 27 mil shares, right? Of course when the employees get options on the 27 mil then they are no longer held by the company. Bill

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