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Technology Stocks : WDC/Sandisk Corporation
WDC 157.75+1.5%Nov 26 3:59 PM EST
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To: Ausdauer who wrote (5458)4/15/1999 6:40:00 PM
From: Don Hess  Read Replies (1) of 60323
 
Aus -

"Having $125 million on the books and being able to own some of your own company..."

When a company buys back shares, they don't hold them. The shares disappear. It is reverse dilution.

All it does is (hopefully) reward stockholders in a non-dividend fashion by effectively increasing the shareholders' percentage of total owned equity.

- Don
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