I view share price purchases as an act of desperation caused by a reduction of the competitive position of the company vis-à-vis their competition - in this cas

I view share price purchases as an act of desperation caused by a reduction of the competitive position of the company vis-à-vis their competition - in this case the rise of AMD coupled with ARM based silicon eating up processor share, now we see Apple has gone ARM. AMD did well, no matter what Intel did. They tried bribery via chip-set linkage, and still AMD made progress. Intel changed to a protected interface(socket) yet maintained their basic x86 architecture. Intel practiced monopolistic patterns vis that cited chip set linkage. As their market price declined they tried buying 'paper' (their shares with zero value after destruction of the redeemed 'paper' = burning cash on a fire) so the apparent yield declined less and may have gone up?