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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 (5772)2/26/1999 4:12:00 PM
From: brushwud  Read Replies (1) of 14451
 
I'm not an accountant either, but yes, shares outstanding decrease.
They're prorated according to when they're bought, so if they
repurchased 5.8 million shares right in the middle of this quarter,
that would reduce their shares outstanding by 2.9 million this
quarter and 5.8 million next quarter. Other things may cause shares
outstanding to increase, like option exercises or the ESPP.

Options count toward shares authorized, but not shares outstanding,
although they may be included in fully diluted shares (whenever the
company makes money again).
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