It shields the profits of other tech stocks from taxes. We take some of the cash and have fun, and some of it we reinvest. So we recently purchased old economy stocks that were bottoming like Goodyear, Pfizer, St. Paul, Nike, SBC Communications, Bank One and others. They have already begun to cycle up. They are a benefit but not the only one.
Taxes are one input in our decision.
When to buy and sell are much more influenced by the fundamentals. Being able to contribute something to deserving students is our investment in the future and one of our biggest benefits.