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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (9808)5/12/1998 7:59:00 PM
From: The Ox  Respond to of 64865
 
This section caught my eye:

.... In 1997, recalled Wagner, Microsoft spent approximately $3.1 billion, or 91 percent, of its $3.4 billion in earnings to buy back 37 million shares. That same year, it issued 45 million stock options. "When you're using over 90 percent of your income to buy back shares at $85 that you sold at $15, you have to ask what else you could be doing with that money," Wagner said......


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