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To: Pr-Ac Man who wrote (3357)	1/16/1998 11:21:00 AM
From: JOE MEDSKER	Read Replies (2) \| Respond to of 4489

PAC, It would depend on how they word the press release. Many companys make a big deal about their intention to repurchase shares. They are not required to complete the plan and many companys don't. It's not difficult to check on the buyback, simply follow the MM involved. Joe knows that if he makes the announcement he will be tested. i can tell you this, if this is his plan he will do it. If its legal I'm sure he will let us know periodically just how many shares have been repurchased. If the company commits up to a certain amount of money they are not required to spend it. Best Regards

To: Pr-Ac Man who wrote (3357)	1/16/1998 11:22:00 AM
From: Lee Bush	Respond to of 4489

Well, guys, while we are speculating, I will take a guess. Perhaps Joe is thinking of spinning off something to shareholders? This would improve the asset value of the company if the company also retained a good number of shares, and make shareholders happy in that they get a nice stock distribution, resulting in a higher price ahead of the record date. This is just a wild guess on my part, but I think you are underestimating the resourcefullness of Mr. Murphy. Lee

To: Pr-Ac Man who wrote (3357)	1/16/1998 11:33:00 AM
From: Pr-Ac Man	Read Replies (4) \| Respond to of 4489

Bought one last K this a.m. Now I digging in close to the beach so I can get a good view of the whole thing as it unfolds. In reading through a bit of company history last night, I noticed that there have been some significant stock splits and reverse splits over the last several years. Wouldn't a reverse split essentially have the same result as a buyback??? You would be reducing the number of outstanding shares, and once the company is profitable this would be reflected in much quicker EPS growth. What would be the negatives of a reverse split? Smaller float may result in a very thinnly traded stock. Anything else?? PA