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Technology Stocks : Inter-Tel INTL Bottom Fishing
INTL 28.12-0.6%Oct 30 4:00 PM EDT
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To: Gabor who wrote (146)6/23/1998 9:09:00 AM
From: Hal  Read Replies (1) of 156
 
* INTER TEL INC said it could buy back up to 2.5 million shares,
or 9.3% of its outstanding stock. "This decision was made in view
of the prices at which the company's common stock has recently
traded, which we believe do not reflect the true long-term value
of the company," said Inter-Tel's chief executive, Steven Mihaylo,
in a statement. "The repurchase of shares could also reduce the
potential dilutive effect of shares of stock issued pursuant to
the Company's stock option and employee stock purchase plans."
BuyLowSailHi
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