Inter-Tel INTL Bottom Fishing Message Board

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Technology Stocks : Inter-Tel INTL Bottom Fishing

INTL 27.95

+0.5%

Nov 5 4:00 PM EST

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To: Tara Cobble who wrote (52)	4/25/1997 5:28:00 PM
From: C S Lai	of 156

Hi, Tara: INTL just announced another shares repurchase program. This time it will buy a total of 1,450,000 shhares which include 300,000 shares buyback announced on February 25,1997, exactly two months ago. I agree with CEO, Steven Mihaylo that INTL current price does not reflect the true long-term value. But I worry next Monday earnings report. If it is not meeting analysts' expectation, this large share buyback may provide a good price support. Remember INTL has just approximately 13 millions shares outstanding. Best regards, Stanley

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