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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (173048)	2/12/2003 2:26:20 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 186894

"Certainly, buying back stock at a price above book value will decrease book value." I don't think stock has a "book value" IRC 358/262. If it is repurchased as treasury stock, cash is spent, which reduces the cash account dollar for dollar. Then the Paid-In Capital account is reduced as the balancing entry. Then, of course, "proper adjustment is made to retained earnings". But the Retained Earnings account is not normally considered when calculating book value, if memory serves. But what do you think?