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Rawnoc

01/17/06 9:49 AM

#10878 RE: pual #10876

Stock dividends (splits) have virtually no cost and can be done by just about any company at will in a very short time frame. They take very little planning and virtually no money.

We can extremely safely assume there will be a stock dividend (split) but the odds of the stock buyback taking place ever is a mutually exclusive event. There is no combo with fries going on here.

Try reading the press release. Is English your second language? (sincere question)

They DECLARED the stock dividend, but merely AUTHORIZED the stock buyback. I can AUTHORIZE that Paris Hilton will come knocking on my door in the next 10 minutes - doesn't mean it is going to happen. But I do DECLARE that I'm going to make a pot of coffee in a bit. The authorization of "up to" a buyback is an additional event - and the PR makes that clear.