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Someone on Yahoo stated that he thought employee options have been revalued to the $7 level. I wouldn't be surprised if it were true. Now I expect a share repurchase to follow this alleged revaluation. The recipe is simple: let the stock crash, revalue options, announce share repurchase, watch stock rise, release goods news, watch stock rise more, watch employees cash in, watch stockholder equity go nowhere. If you don't believe a share repurchase will have a positive impact on price, look at LSCC, which rose from $28 to $32 along with the semi index. IDTI has gone nowhere.
Still holding,
Jackson |
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