Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Bruce R. Schlake who wrote (2561)	12/22/1997 12:24:00 PM
From: Allen Benn	Respond to of 10309

>Why does a company do a reg s filing to receive funds and then >announce they are going to do a repurchase of their own stock? Actually, WIND did not mean to imply they were buying back large blocks of stock. The announced buyback is mean't to counter the dillution of stock options, and is in keeping with their standard practice. However, I suspect that the company cannot be happy whenever the stock price falls below basic support levels, and probably eyes the stock as a good company investment during such trying times. As I recall the Reg S went off with the price around $38/share, with a convertible price around $48. I haven't run the numbers, but I would think any buyback under $40 or so might make economic sense today. Also, the inside view of the company's potential could be significantly greater today than it was when the Reg S was put together last summer. Allen