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To: Don Lloyd who wrote (140187)	12/23/2001 7:10:59 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

Don, >>Even the cash dividend only makes sense if the company has no adequate investment opportunities or management can't be trusted and you want to pull the cash out of their control. Don, I understand all the economic arguments of corporate investment using all the profits vs sharing some the profits directly with the stockholders. A number of companies in certain sectors do both with success. You must accept the fact that there are people on this earth who want or need some corporate profits to be returned to the shareholder, a.k.a. widows and orphan stocks. <ggg> Joan