Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 18.25

+15.8%

Jan 12 3:59 PM EST

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To: Schmedley who wrote (1005)	2/8/1998 1:32:00 AM
From: ChiTao	Read Replies (2) of 5944

"By then Adaptec will have repurchased most if not all of the 10 million shares it intends to buy in order to fulfill "employee" stock incentive plans." Even at today's price, 10 mil shares worth 220 mil $. How could a company with 600 mil cash position afford to spend 220 mil in stock buy back? Chitao

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