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Technology Stocks : Gemstar Intl (GMST)
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To: jfs who wrote (5911)5/16/2002 9:07:11 AM
From: Mike Buckley  Read Replies (1) of 6516
 
John,

Regarding the timing of the stock purchase, this is from the press release: "In April 2002, the Company's Board of Directors authorized an extension of its authorization granted in September of 2001 for the Company to repurchase outstanding shares of its common stock up to an aggregate amount of $300 million. During the period subsequent to the date the extension was authorized through May 6, 2002, the Company repurchased 3.2 million of its shares for an aggregate price of $32.6 million." I think that means the stock was purchased in April and May, but I'm certain there is a much clearer way to say it. :)

Thanks for the phone number.

--Mike Buckley
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