Mapics, Inc. (MAPX) Message Board

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Technology Stocks : Mapics, Inc. (MAPX)

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To: Blue Star who wrote ()	5/7/1999 5:13:00 PM
From: Byron Angel	Read Replies (1) of 141

Another very good week for MAPX with the stock reaching $7 today. Keep in mind the following facts: 1. MAPX announced 4/27 that they had repurchased 1.1 million shares at an average cost of over $9/sh. The company stated, "We believe that the repurchase of our shares will prove to be an excellent investment for our shareholders". 2. MAPX also announced 4/27 that the Board of Directors had increased the number of shares that the company is authorized to repurchase from 1.8 million to 5.0 million. They stated, "MAPICS has a strong balance sheet with approximately $27 million in cash and the prospects for a continuing positive cash flow from operations. We believe this financial position will support an aggressive repurchase program". We won't know for sure until the next announcement from the company what they are doing, but the stock moved up this week on volume that was nearly twice what is was last week. My guess is that the company is aggressively repurchasing shares at the current low prices. Since they previously bought 1.1 million shares at over $9/sh, I look for them to continue to buy aggressively at least up to $9.

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