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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.20

+1.6%

3:59 PM EST

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To: Woody_Nickels who wrote (6091)	5/17/1999 1:28:00 PM
From: Joe E.	Read Replies (1) of 14451

< <Companies buyback shares for two reasons... < 1) To prop up stock price < 2) Because they don't have a better investment option < Can anyone think of another reason to buy back shares?> 1. Sometimes insiders with substantial ownership direct the company to buy back shares to increase their own percentage ownership. 2. Some companies treat outside stockholders like bondholders, as providers of capital, not as co-owners. They will buy back shares when they think the shares are cheap, planning to reissue them when the shares are higher. These are not textbook motivations, but real nonetheless. IMHO

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