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Technology Stocks : Micro Linear (MLIN)? -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (1322)	11/14/1997 1:11:00 PM
From: Bernard Levy	Respond to of 1675

This is a good observation. The 200K shares purchase by Invesco is below the 5% SEC threshold, so that it was below our radar screen. It would be really nice to know what all this folks see in MLIN, except for the possibility of a takeover.

To: DD™ who wrote (1322)	11/14/1997 1:20:00 PM
From: Mark	Read Replies (1) \| Respond to of 1675

DD - I hadn't heard the news, (but that doesn't mean it's new !) It would be good news if it is a recent purchase. I've been looking through the 10-Q recently filed. There isn't much that we don't already know, but I did find the buy-back data of interest. The data is expressed over a number of periods, and I've done some calculations to break the purchases into smaller groups as follows - In 1996 they bought 756k shares for $5.7m or $ 7.50/share In H1 97 they bought 385k shares for $5.1m or $13.25/share (ouch !) In Q3 97 they bought 195k shares for $1.8m or $ 9.23/share They say they had approval to spend $13.5m over the above periods, and so had $0.9m unused at the end of the period. They also say that subsequent to Q3 (i.e. in October) they approved a further $1.5m for share buy back. By my reckoning that gives them $2.4m in the kitty..... (unless the unused approvals have expired). As recently ago as Q3 they believed that $9.23 was a good price. Soooo, I guess the question is, what buy do they think is a good buy-back price at the moment ? At around $8, they can buy about 300k. This would probably make a reasonable dent in the share fluidity....... Hum ? Mark