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Strategies & Market Trends : Free Cash Flow as Value Criterion -- Ignore unavailable to you. Want to Upgrade?


To: Bill Morel who wrote (64)10/30/1997 9:53:00 PM
From: Reginald Middleton  Respond to of 253
 
<So would you say that MSFT's use of $3B to buy back stock as part of its compensation plan (counteracting options) is a good use ? It seems that virtually all MSFT net income ($3.5B) was used to buy back options.>

Considering the cost of actual cash compensation, yes. Read the notes concerning the compensation plan in thier latest annual report.