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Technology Stocks : Manugistics, Inc. (MANU)
MANU 15.30-0.8%11:06 AM EST

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To: JC Reddy who wrote (960)10/25/1998 5:45:00 PM
From: treetopflier  Read Replies (1) of 1670
 
RE: Insider buying

Was that buying, or buoying?

End of August they had $6.2M in cash on the books for the first 6 mo of the year. Proceeds from the emp stock purchase plan and exercise of stock options were $4.3M for the same period.

Gee, would they be nearly out of cash if they weren't selling cheap stock to themselves?

Help me out here if I missed something.

Oh, BTW, in answer to your question JC about short term price - they'll retest their low between now and end of 98. I can see them at $5.

ttf
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