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To: Sir Francis Drake who wrote (3137)	8/5/1999 2:44:00 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 10027

Morgan....on level 1 I see huge offerings on the ask. Often looks like 5X100 bid,ask. Are the MMs still selling a lot? Joseph

To: Sir Francis Drake who wrote (3137)	8/5/1999 3:04:00 PM
From: Herschel Rubin	Respond to of 10027

It is possible NITE may consider repurchase of shares at these prices per their approved share repurchase program. Evidence of buyback could have caused the jump today from $34 to $39, which in turn, may have spawned short-covering. Considering the CEO's words that guided analysts expectations lower a few weeks ago, plus some insider selling and F-144 filings, it all could be well-orchestrated to allow NITE a good buyin price. Just a thought. ____________________________________________________________________ From the Yahoo Board re: buyback. An excerpt from NITE's annual report 12/98, note this is NOT split-adjusted: "On October8, 1998, our board of directors approved a program to repurchase, over a period of up to eighteen months, up to 3 million shares of our outstanding Class A common stock up to a total aggregate amount not to exceed $20 million. We may repurchase shares from time to time in the open market or through privately negotiated transactions, depending on prevailing market conditions, alternative use of capital and other factors. To date, we have not repurchased any shares under this program." Looks like the $20 million is the limit. ____________________________________________________________________ Yes, indeed, Morgan, you may be correct about OLB's staging a "small" comeback. They've weathered considerable news that must be factored in by now. And the market has factored in a lot of interest jitters. So, we should expect to see some adventurous analysts come out of the woodwork in the next 5 days or so and say something like "The OLB sector has discounted slowing growth and now we see numerous compelling buys, and blah blah..."