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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Schmedley who wrote (1005)2/8/1998 1:32:00 AM
From: ChiTao  Read Replies (2) | Respond to of 5944
 
"By then Adaptec will have repurchased most if not all of the 10 million shares it intends to buy in order to fulfill "employee" stock incentive plans."

Even at today's price, 10 mil shares worth 220 mil $. How could a company with 600 mil cash position afford to spend 220 mil in stock buy back?

Chitao



To: Schmedley who wrote (1005)2/9/1998 12:02:00 AM
From: eugene salazar  Read Replies (1) | Respond to of 5944
 
schmedley,

you commented that:

<Adaptec will have repurchased most if not all of the 10 million shares it intends to buy in order to fulfill "employee" stock incentive plans>

so your saying that those shares arent being retired(subtracted from outstanding)?? because isnt that the whole reason to even do a buyback: + or ~ earnings/- shares out= + eps.

eugene


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