From: gts (gts@optexinc.com)
Date: Thu Sep 12 2002 - 00:15:24 MDT
Brian Atkins wrote:
> Directors of Intel only have the duty to
> increase the value of Intel stock. If they
> determine that never paying dividends, and instead
> investing that money into R&D is the best way to raise the
> stock value, then that is their duty, and shareholders
> should be pleased.
Exactly. It's all about profits.
In answer to the subject heading, profits are what the stockmarket
supplies. Investors receive corporate profits as dividends, or as
capital appreciation, or as a combination of both dividends and capital
appreciation.
-gts
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