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Technology Stocks : ULTK-Ultrak -- Ignore unavailable to you. Want to Upgrade?

To: David K. who wrote (349)	12/20/1997 8:46:00 PM
From: Yuri Aminov	Read Replies (1) \| Respond to of 393

David! They did not "sell assets to compensate for writeoffs"! They sold put options (I guess you know what it is) and did not record the profit YET. If you listened carefully to the last conference call, Mr. Broady said that they did repurchased 500,000 shares and he said this does not include any puts they sold, otherwise it would be much more if the puts they sold will bring them more shares (this is how I understand this). And who else if not the company itself can know what they will do and how the stock price will react. So, they sold the puts and they bet that the stock price will not fall below a certain price. Again, they know best and this is how I get it. I have calls... Yuri.