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Technology Stocks : Intermagnetics (IMG)
IMG 0.174-4.2%Nov 10 3:58 PM EST
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To: Wafa SHIHABI who wrote (2756)6/12/1998 1:31:00 AM
From: Mark Shaw  Read Replies (2) of 3448
 
Read the press release closely. The repurchased shares were used for stock dividends and to acquire other companies. They were repurchased but then reissued. The usual effect of a stock buyback is to increase EPS but since the shares were re-issued, no increase in EPS is to be expected.

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