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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (7924)	12/6/1997 4:33:00 PM
From: Dan Ross	Read Replies (1) \| Respond to of 9285

TO ALL: I would highly encourage everyone to look at the Thursday edition of the Wall Street Journal (go to a library if you have to)...There is a GREAT article about the dilution to earnings if stock options are exercised by many high-tech companies. For example, MSFT spent $3 billion buying back stock this year vs $4 billion in earnings. Their average strike price for options is $42 or $100 less than the current stock price......I'm sure Bill is skewing the scale a bit.... I wish I kept the article...kicking myself hard right now...it was really great... Dan Ross