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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Vance who wrote (10704)	1/13/1998 9:24:00 PM
From: William Vernard	Read Replies (1) \| Respond to of 17305

Andrew, I haven't posted here in quite a while, but I saw this summary on the WFR thread and was wondering if you agree with it. Message 3159567 On another note, I am really confused by the quick drop in ADPT. Is it just out of favor? The earnings report didn't look "that bad" to me -- but what do I know! What really confuses me is that it has stayed rather flat since the big drop last Friday. What do you think? bill

To: Andrew Vance who wrote (10704)	1/14/1998 2:32:00 AM
From: Pink Minion	Read Replies (1) \| Respond to of 17305

Question: If I read things correctly, ADPT has about 110 million shares outstanding since it has a market cap of close to $2.3 billion. If this is true and if they still have over $500 million in cash on the books, why not invest in themselves with a massive stock repurchase plan. Companies usually buy back for employee stock options. It cost $ to do a secondary. ADPT still has a PSR of ~2 and $4.25/sh in cash. They do brag about 50 consecutive growth quarters or something. Mr B.