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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.400-0.3%Nov 6 3:58 PM EST

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To: Richard Barron who wrote (1019)10/11/1998 11:00:00 PM
From: Michael Burry  Read Replies (1) of 1418
 
Richard, I was about to reply exactly as you did - buybacks are not to support the stock, but to build shareholder value if the economics work out correctly. In Deswell's case, they certainly do. Of course, the shares must be retired, not simply held in Treasury.

Good investing,
Mike
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