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

To: boris_a who wrote (122977)	8/23/2000 4:00:37 PM
From: tejek	Read Replies (1) \| Respond to of 1578962

Boris ted, my argument was: how ever can an investor consider the number of shares and not the amount of money being decisive for his investment? I'm sure WSJ is right, but meantime it's ridiculous. I may be missing your point but I think what the article was intending to say is that at first there were 3 stocks from which to pick, and then there were two secondaries, 3 IPO's and 3 splits. Suddenly, the investor has more choices for essentially the same money. The idea behind the split is to lower the share price so that more people can afford to buy. But I think what is happening is a lot of the funds are sitting on the sidelines with their cash (according to CNBC and TSC.com) waiting to see if there will be another pullback. So, every split I have had this summer has done exactly what AMD has done so far...stayed in place or fallen. I think we both agree it sucks. OT, tax discussions here. Do you know that people here in Switzerland can freely vote for the percentage of taxation on the community, on the canton (state) and on the federal level. Sometimes they agree (by majority) on raising taxation levels. After 150 years experience, they know pretty well the consequences of too low taxation. Interesting, eh? Here in the US I have seen small communities agree to raise taxes in general, and the bigger cities and sometimes states for special projects like a stadium but it is very unusual. I have been to US states with low taxes and others with higher taxes...no guarantees but usually services, roads etc are better in the state with higher taxes. But for some people that does not matter. ted