Sterling Commerce (SE) Message Board

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Technology Stocks : Sterling Commerce (SE)

SE 155.13

+3.4%

3:59 PM EST

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To: __HD who wrote (251)	3/8/1999 6:08:00 PM
From: Benny Baga	Read Replies (1) of 341

Well, the only sign of life from management is the stock buyback, which is a good sign. The current buyback allows to buyback 5 million shares, which IMO is not enough. I would suggest that SE buy 20 million shares back (they have the cash), of course it depends on the outlook for near term profits, etc., But there seems to be many weak hands in this stock, an extensive buyback show that the management believes in the company instead of 4% in a money market. Plus for support, they could use a line of credit, etc., for emergency cash. I might be wrong, but SE's market cap relative to cash position is a little high (cash position accounts for more than 20% of market cap). An aggressive buyback would correct the situation. Management needs to show the street that they really believe in the company. Benny(IMHO)

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