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Technology Stocks : Altera -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2273)	7/22/2003 12:44:46 PM
From: Kirk ©	Read Replies (3) \| Respond to of 2389

Am I reading this correctly from Altera? Second quarter net income was $36.1 million.... Altera repurchased 1.7 million shares of its common stock during the quarter at a cost of $30.2 million... So 84% of profits went to buy back shares. Lets see if shares outstanding was reduced by 1.7M or was it an "employment cost" Looking here biz.yahoo.com we see Date Diluted shares 3/31/03 388,253,000 6/30/03 390,902,000 Diff 2,649,000 So they bought back 1.7M shares and increased the total shares outstanding by 2.7M? It is clearly a good company to be a worker at. I am not sure about as an investor. I believe diluted shares means the option shares that are "in the money" but I should check with an accountant.