Mechanical Dynamics MDII -- A Growth Company Message Board

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Technology Stocks : Mechanical Dynamics MDII -- A Growth Company

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To: w sun who wrote (19)	7/27/2000 1:53:40 AM
From: w sun	of 24

mdii has a great 2nd q with much improved margin and earning. way to go! What caught my eye is the following quote by CEO Korybalski "reported that the company has repurchased approximately 88,000 shares of MDII stock under the stock repurchase plan approved by the company's board of directors in April. ``Because we are limited by SEC regulations as to how many shares we can repurchase in a single day, we have not been able to repurchase as much as we would have liked,'' he said. ``However, we believe that Mechanical Dynamics' stock is undervalued, and consider a stock repurchase to be an effective way to utilize a portion of our existing cash reserves. We have been inactive during our quiet period but will resume repurchasing soon.'' What is the SEC's cap on repurchase size? mdii's daily ave volume is ~8.6k share. It self bought about 2k per day on average. very little interest on this co, I have to say. (ws)

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