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To: Holyman who wrote (8482)	11/6/1997 10:15:00 AM
From: Shakush	Read Replies (1) \| Respond to of 25960

HolyMan, agreed, it would ultimately undermine management credibility. SVGI did this same thing a year ago. They did not purchase a single share, and there was some relatively minor (100,000 shares) selling (form 144, so an intention to sell) before rescinding the buyback last month. Even though SVGI seems OK, the episode was not exactly confidence inspiring.

To: Holyman who wrote (8482)	11/6/1997 12:22:00 PM
From: Mr. Aloha	Respond to of 25960

I agree. If you vote it in you should intend to use it. (EOM) Aloha

To: Holyman who wrote (8482)	11/6/1997 1:40:00 PM
From: F. Lynn	Respond to of 25960

Actually, most studies suggest that announced buyback programs are never fully implemented. Remember, most announcements concern the board's authorization to repurchase shares, an authorization that allows company officers to use up to a specified amount of funds to repurchase but does not require repurchases. so the actual shares repurchased can vary greatly, and since the board only sets a ceiling that represents the shares that could be purchased under the best scenario, actual results usually fall short.