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To: Zeev Hed who wrote (15537)4/23/1998 11:34:00 PM
From: Craig Richards  Read Replies (2) | Respond to of 18056
 
Zeev,
Hope you don't mind if I jut in, but the problem with your excellent analysis of why stock buybacks are good for investors ignores the fact that often this stock is just recycled and given back to employees when they exercise their stock options. So instead of 1.0125% or even 1.0225% the holder ends up with just 1.000% and the employees end up with .0225%. This is good if you're an option holding employee, but not if you're a stockholder.

Craig



To: Zeev Hed who wrote (15537)4/24/1998 6:11:00 AM
From: Jack Clarke  Respond to of 18056
 
Zeev,

Thanks. I do understand the rationale for stock buybacks better now. I'll keep your post and peruse it again to remind me that 2 + 2 = 4, even when it seems not to.

Jack


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