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Technology Stocks : Osicom(FIBR)
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To: Mama Bear who wrote (3398)12/8/1997 8:05:00 PM
From: glen  Read Replies (1) of 10479
 
Barb,

As I mentioned a while back, and heard it confirmed again today on the conference call, the 2 million share buyback program is designed to support the company's stock option plan, and not necessarily the stock itself. These purchases will not retire any stock, and is a way of using shareholders money to reward management. At this time I am in full agreement with your sentiments when you said, "I don't believe buying back shares is the correct use of their limited resources."

regards,
glen
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