ADI: The SHARCs are circling! Message Board

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Technology Stocks : ADI: The SHARCs are circling!

ADI 236.61

-0.4%

12:42 PM EST

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To: Meghan Richards who wrote (1114)	10/13/1998 7:45:00 AM
From: Jim Oravetz	Read Replies (2) of 2882

Keep in mind that just because a company announces its intention to buy back shares, doesn't necessarily mean that they will (especially all in a single quarter!) . It is basically an indication that the board feels the stock is long term undervalued and they would like to create some "good" news. I was wondering were you got the info on the shares not being "retired". Usually a buy back is executed to raise the earning per share numbers so the stock looks better. If the shares are not retired, then there are the same #'s of shares outstanding and in effect, the buy back is a non-event. Most options grants, that I am familiar with, are from shareholder approved pools of shares that are specifically set up for that purpose. JimO

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