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To: John Maddison who wrote (8086)	3/25/1998 6:29:00 PM
From: Mark[ox5]	Respond to of 27968

John-- I guess they could buy the shares back and just hold the shares to "sell" back on the market at a later time (at a higher price)... however, 90% of the cases of buyback are for "retiring" the shares, <buying back the shares and then eliminating them> reducting outstanding shares and reducing float. Thats why they are positive. Hope that helps, Mark

To: John Maddison who wrote (8086)	3/26/1998 3:27:00 PM
From: HRGuy	Read Replies (1) \| Respond to of 27968

John My experience is that a Company with a buyback plan will not retire the shares but include them as Treasury shares, thus eliminating them from the EPS calculation. In the High Tech arena these shares are often strictly reserved for issuance of options and/or employee stock purchase plans. Shareholders, generally, like this arrangement because it allows the Company to incentivize their workforce without creating additional dilution. My guess is that these shares will eventually resurface in the float but it will be slow process of reintroduction. CJ