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DRiP is an acronym for Dividend Reinvestment Plan. Young growth companies (or even ones that have been around for a while like Cisco and MCI Worldcom that don't pay a dividend would not offer a plan because there's nothing to reinvest. eBay and are both young growth companies and they are plowing all of their available resources back into the business to grow the business or pay off debt. They are not sharing any profits (if there are any yet for either of these companies!) with their shareholders in the form of dividends. Sorry, this isn't the most elegant explanation, but I hope it makes sense to you.

By the way, does anybody know of any companies who don't pay a dividend but do have a direct stock purchase plan? I think it would be a great way for a company to build a stable shareholder base and possibly minimize or somewhat reduce share price volatility.

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