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Technology Stocks : FORE Inc.

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To: Leo C. Bouchard who wrote (3145)	5/12/1997 10:04:00 PM
From: MetalTrader	of 12559

Leo, When a company is buying back its own shares there are a number of reasons to do so. Fore's reasons are certainly worth asking. Company's buy shares back to have stock available for stock option, esop's and the like. Nothing particularly onerous about this. Another reason is to decrease the number of shares outstanding which skew the per share data if you aren't paying attention. Last year Fore issued quite abit of stock as I recall in order to make their acquisition deals. Someone please correct me if I am wrong. One of the problems with Fore's performance on a per share basis is the dilution by additional stock outstanding since last year. With this in mind and the fact that the shareholders who received FORE shares in the buyouts last year are (I believe) now free to sell those shares, it might simply be FORE's intent to reacquire some of that stock with the share price at relatively low levels. Leo, if the FORE management (one of the biggest owners) thinks that price is attractive then buying back the shares may in fact be a good omen. mt

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