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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Reynolds who wrote (3408)	12/8/1997 8:34:00 PM
From: David Pawlak	Read Replies (1) \| Respond to of 10479

Ron- I believe that, for tax reasons, they are under an obligation to buy back shares eventually. I also beleive that once they have initiated the plan, there is no turning back or else it screws up the tax benefits under the rules of pooling for acquisitions. Perhaps someone with more tax accounting experience can help me out here and expand on it here.

To: Ron Reynolds who wrote (3408)	12/8/1997 8:35:00 PM
From: Brian	Respond to of 10479

When they announced their intention to buy back shares, the share price was very close to $2 but the stock opened that next day at 2.5 In my opinion they intended to buy back shares if they dropped further as a price of under 2 is ridiculous. But now IMHO if the price stays above 2.5 they do not intend to buy back shares. I agree with others that they shouldn't use precious resources to buy back shares unless they are "forced" to by further drops in share price, and right now it doesn't look like that will happen. Brian