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To: Victor Lazlo who wrote (25689)7/25/1999 10:05:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
Victor, by that I mean share buy backs that most large companies engage in in lieu of distributing this excess cash as dividends. Some even started to add debt to their balance sheet to engage in that practice (IBM for one) These are tax free dividends.

Zeev