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Technology Stocks : Stock Swap
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To: Yiqun Xie who wrote (14522)6/24/1998 11:30:00 PM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--ASYT is cash rich in these troubled times and the short term investments are doing very well since they are, for the most part, of the conservative investment nature. It makes a great deal of sense for them to do a stock buyback program however I do not know if the management is that sophisticated at this point in time. If it were me, I would buy back the 10% of the float you mentioned as a great investment for both the long and short term.

A reason for not doing the buyback could be that they might have anothe ruse for the money and/or stock. They could be looking at an acquisition. On that subject, I like the possibility of PRIA and ASYT joining forces to create a kickbutt business.

Your comments are right on target.

Andrew
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