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To: Sir Francis Drake who wrote (3426)	8/11/1999 6:59:00 PM
From: Dalin	Respond to of 10027

Morgan, you are not the only one who should be doing their own DD. We all should. Don't be so hard on yourself. At least you can acknowledge a mistake, unlike quite a few folks. I missed that little tidbit of news also. Was it ever posted here? Oh well, such is the game. BTY! D.

To: Sir Francis Drake who wrote (3426)	8/11/1999 7:15:00 PM
From: Dalin	Read Replies (1) \| Respond to of 10027

Morgan, this is the first evidence of their cancellation that I can find anywhere. Do you find the news anywhere else? BTY! D.

To: Sir Francis Drake who wrote (3426)	8/11/1999 7:16:00 PM
From: Joseph Silent	Read Replies (2) \| Respond to of 10027

Morgan, I suppose there will be a dozen or more ways to hold the report up against the light and look at it, but honestly, I can't help thinking that a $20 mil buyback (less than a million shares now) is that big a deal, given the kind of churn we have been seeing. So I'm not too concerned about that. I understand we can say that we've lost faith in the management etc., but its one of those things, I guess. We just don't know all, and its always a problem. They feel they know what to do with the money. The buyback was approved on October 1998. The buyback was cancelled on July 21, 1999. They had plenty of time to buy cheap last year, if they really wanted to. Perhaps they never really intended to, and it was only a signal to the investors at the time. Just wondering, as always :) Joseph

To: Sir Francis Drake who wrote (3426)	8/11/1999 7:39:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 10027

Morgan, I'm just speculating, but cancelling the program may just serve to facilitate pooling acquisitions. The analysts have suggested that NITE would consolidate its market position. Bob

To: Sir Francis Drake who wrote (3426)	8/12/1999 1:52:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

Accordingly, I will now look to exit my longer term investment* positions in NITE* I, for one, will miss your extremely insightful posts if/when you stop posting upon liquidating your NITE investment. Beyond that, I don't see the cancellation of the stock repurchase program as something that would warrant the closure of this investment. NITE was trading somewhere between 2 and 5 last October when the buy-back was announced. While the stock has now been hammered down to 32 (and was considerably higher when the buy-back program was cancelled back on July 21), that is nothing compared to a price of about 5. Things change. Anyway, with a forward p.e. of 15 on a company with fairly rapidly growing revenues, I think the stock will take care of itself. No buyback needed. Gary Korn