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To: ben luong who wrote (17156)4/25/1998 5:27:00 PM
From: Curlton Latts  Read Replies (1) | Respond to of 25960
 
ben luong: At $20 or less the $50 million buyback makes sense; at more than that the money is better served in growing the business. That seems to be the economics at this juncture. Obviously, at some future date the buyback at higher prices would also make sense. Just not yet. The entire program strategy had its intended effect however.

Good Luck To Each and All

Curly

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[6.6]
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To: ben luong who wrote (17156)4/26/1998 8:04:00 AM
From: Maxwell  Read Replies (2) | Respond to of 25960
 
Ben:

<<Maxwell, why don't they use their cash to buy back shares like what they said in the last Q?>>

They should since they said they would. If they don't then they lack of credibility. I am surprised that they didn't say anything on the share buyback at the CC.

Maxwell


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