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Technology Stocks : Mylex
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To: Baker who wrote (1594)6/11/1998 8:16:00 PM
From: E_K_S  Read Replies (2) of 1820
 
Hi Baker - I do not know about MYLX but other companies have used derivatives (ie. put options) to schedule periodic buy backs at set prices. If this is the case MYLX would be much better off to buy "at the market". Continue to watch the volume and if new lows are obtained at lower prices then this is the time to buy.

From a value perspective, the down side risk is small as they have $2.20 in cash. MYLX will continue to be impacted by the overall disk drive market which is still in a slump.

Let's hope that those new products hit the street soon and the overall industry begins to pick up.

EKS
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