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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (72876)	9/23/1999 6:43:00 PM
From: Elmer	Respond to of 1571409

Re: "When a company buys back stock it becomes treasury stock and is effectively retired........ . <section deleted> . So it is a net zero transaction except for the fact that $1.5bn has disappeared. " Maybe so but there are equivilent shares that have been authorized but not yet issued. So a company may buyback 1 million shares which are then retired, and issue 1 million options to the employees from the pre-authorized shares. So the money reappears again! EP