wbmw, <Does AMD buy these shares at market price, or do they simply dilute the stock by issuing more of them?>
They just dilute the stock by issuing more of them.
One of the reasons I don't vote for additional stock authorizations unless the additional stock is specifically to be sold at market value above book to raise money.
But, actually, 10,000 shares does not represent that much. On Sept. 27, 2000 with AMD at ~$25.00/share it was only ~$250,000.
Football players get a better signing bonus....
8-/
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