Microsoft Corp (MSFT)

[sgolds]

Hi, Duke -

I think you need to update your dividend tax info, at least for the US. It is now taxed the same as capital gains.

http://www.fairmark.com/news/jgtrra/index.htm

Anyhow, my post was not to present the differences between stock buyback vs. dividend distribution, but rather to point out that both are a valid option for Microsoft and both result in a similar gain to the investor. Of course, as there are other pressures on the stock price, the $1 per share can get overwhelmed by other considerations, both good and bad.