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To: Zeev Hed who wrote (1146)1/19/1998 10:58:00 AM
From: Frodo Baxter  Read Replies (1) | Respond to of 9980
 
Intel bought back 3.4 B out of 6.9 B of earnings. That's about $1.91 per $75 share, or 2.5%. When earnings yield is 4-5% for the S&P, it's simply not credible to suggest that 4-5% is going toward buybacks.

>This is the largest tax fraud around but no one is saying a thing so as to not unsettle the boat.

Please don't write your congressman.



To: Zeev Hed who wrote (1146)1/19/1998 11:45:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 9980
 
Hey Zeev,'whadya' some 'kinda' socialist <gg>??? As an investor i like the idea of a stock buy back program, what may I ask is your problem with it? I, for one, don't want to pay more taxes to the guys in Washington so that they can squander it, no sir,I rather have the money stay with the individual investors or the companies for they are a lot more responsible in matters of finance than the nincompooph bureaucrats in Washington.