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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (23623)2/15/2005 4:24:57 PM
From: ild  Read Replies (2) | Respond to of 116555
 
Froma AMAT report:

<<<ongoing net income was $289 million ...

the company repurchased approximately 17 million shares of common stock at an average price of $17.30 per share for an aggregate purchase price of $300 million. >>>

biz.yahoo.com

I've noted this pattern for many tech companies. The actual number of shares went down by 16 million, so in fact $17 million was used to compensate for stock options.