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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (10704)1/14/1998 2:32:00 AM
From: Pink Minion  Read Replies (1) of 17305
 
Question: If I read things correctly, ADPT has about 110 million shares outstanding
since it has a market cap of close to $2.3 billion. If this is true and if they still have over
$500 million in cash on the books, why not invest in themselves with a massive stock
repurchase plan.

Companies usually buy back for employee stock options. It cost $ to do a secondary. ADPT still has a PSR of ~2 and $4.25/sh in cash. They do brag about 50 consecutive growth quarters or something.

Mr B.
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