ADI: The SHARCs are circling! Message Board

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Technology Stocks : ADI: The SHARCs are circling!

ADI 234.58

-1.3%

1:56 PM EST

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To: Phaedrus who wrote (1110)	10/12/1998 12:08:00 AM
From: Meghan Richards	Read Replies (1) of 2882

Phaedrus has a good point. The 8-million share buy back may be an attempt to prop up the stock after releasing news of yet another bad quarter. The last 4-million shares management purchased certainly weren't a bargain (relative to today's prices). The shares being purchased are not being retired, but are targeted for employee stock options. This is how ADI attempts to keep their designers. They need to repurchase stock occasionally to support their option grants and to support the price of the stock in the face of bad news. ADI is very interested in supporting the price of the stock, since this is how management, and most designers, are compensated.

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