Subject: Re: Alice Schroeder 1999 Paine Webber Analysis
" I think the simple answer is that consistently shrinking the shares outstanding also shrinks his 'canvas' as opposed to putting the money to work in outside investments or acquisitions...which obviously expands his life's work."

I hear ya , but, buying and promoting Ginny while she was missing 20 quarters in a row, at a heavy salary and benefits, made no sense. Apple has overcome shareholder confiscation by O and Ds, so good for them. I said it at that time and got jumped, as usual. Now, all this cash might outlive him, I hope not, but it might.