From: Lee Daniel Crocker (lee@piclab.com)
Date: Thu Sep 12 2002 - 03:07:22 MDT
> (Brian Atkins <brian@posthuman.com>):
> Lee Daniel Crocker wrote:>>(gts <gts@optexinc.com>):
>
> I disagree. Intel is a public company with no plans to offer a dividend
> which keeps all its profits in the bank. Do you think the Intel Corporation
> is worthless? 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.
/If/ you can sustain growth /forever/, that will work. But when you've
run out out of opportunities for growth and expansion, and are still
cranking out a product that people buy and raking in the profits, your
shareholders will want some; that's why they bought the stock--to earn
money. If it isn't earning through growth, then it has no choice but
to issue dividends. Growth just won't work forever.
-- Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/> "All inventions or works of authorship original to me, herein and past, are placed irrevocably in the public domain, and may be used or modified for any purpose, without permission, attribution, or notification."--LDC
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