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basquiat

08/04/07 7:38 PM

#253880 RE: wickw50 #253867

ed, JF made the statement in a conference call in 2006, that he expected to only use 9 billion, but authorized 25 billion because 25 would be the most he could conceive of using ("expected" being the operative word. Easy to get around that one).

He went on to state that the 25 B number was so that if the 9 B wasn't enough, he wouldn't have to increase the shares authorized again. Or something to that effect. It has been awhile.

I think it was in a summer (maybe May/June) conference call.
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Agent1107

08/04/07 11:18 PM

#253884 RE: wickw50 #253867

And when it gets to 12 billion, somebody
might say..."I would be surprised if it
gets to 15 billion".

;-)