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Technology Stocks : KEMET Corp.
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To: SJS who wrote (612)9/3/2000 3:29:49 PM
From: Ron Harvey  Read Replies (1) of 906
 
<<When did you call investor relations? Friday 9/1? If so, I think they missed their opportunity in the low to mid 20's.>>

Yup. Friday. Can't remember the name but it was a man I spoke to. I posted about buying on suppoprt in the 20's because he said the intention was to support if the price goes lower, and that would have had to be the 20's. I also said that I *presume* the buying price - should there be any buying - would be around the mid 20's. And I don't think that the price'll go there either. Moreover, I think that the BOD giving a company authorization to buy back a given number of shares can't logically be interpreted as a direction to do so or as a company intention to do so. Not a big deal, the way I see it, as most authorized buy backs for most companies do not lead to actual buy backs. And re Kemet specifically, I think that a company ready to spend a quarter of a billion to increase capacity has more urgent things to do with their cash.
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