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

To: Stock Farmer who wrote (174595)	5/15/2003 5:15:02 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 186894

John, The way we calculate "fully diluted" is as if the option was exercised and the proceeds used to buy back a share. At the prices during the period! Are you effectively saying here that a stock or option grant carries with it a future obligation for the company to buy back stock? I can't see that it does, but if it did, or if I thought that it did, a company expense would no longer be out of the question. The classical definition of "profit" is a change in wealth of shareholders. This seems highly unlikely. Profits, whether or not they were called such, almost certainly came along before stock companies. A sole owner of more than one business would need to know the profit of each business separately. Regards, Don