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Technology Stocks : Motorola (MOT)
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To: JakeStraw who wrote (2836)4/10/2007 10:31:19 AM
From: Elroy  Read Replies (2) of 3436
 
Is that a fact? How many shares do you need to have to get a proposal put on a proxy ballot?

And as I said, if MOT blows up when they report the March Q, he's going to lose a vote that says spend money on share repurchases. They may be faltering for 6 months or for 6 years, who knows? At the beginning of a corporate slowdown, you don't piss away your cash on share repurchases. You do that when things are humming along swimmingly but the shares are "undervalued" - that was the situation last summer, not now.
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