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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?


To: The Rooker who wrote (1403)5/5/1998 4:31:00 PM
From: Mike Yiu  Read Replies (1) | Respond to of 1696
 
Rooker, thanks for posting the quarterly result. It looks good. Any update on the after hour price?

Thanks



To: The Rooker who wrote (1403)5/5/1998 5:32:00 PM
From: mod  Read Replies (1) | Respond to of 1696
 
IMHO, proof that the Company did buy back Mr. Koo's 560,000 shares at a premium price of $16.88 on 4/1/98:

<<As of March 31, 1998 the Company repurchased 251,118 common shares at an average price of $15.82 per share in the Nasdaq National Market. As of May 4, 1998 a total of 864,850 common shares were repurchased at an average price of $16.56.>>

I find it disconcerting that the Company will not directly admit to purchasing shares from their CEO. Did they think nobody would put two and two together? The rest of the press release seems to be making a better attempt at disclosure. Hopefully someone will raise this question on the conference call.

Dennis



To: The Rooker who wrote (1403)5/6/1998 12:19:00 AM
From: Jeff Egg  Read Replies (1) | Respond to of 1696
 
I am curious if most of those who responded negatively to the announcement have a much higher cost basis than myself. I say this because I was not disappointed with the earnings announcement due to my lower expectations with the stocks recent crushing ( my entry point).

After reading your many post here I am not as confident as I was initially as to the short term price direction of the stock. I will suggest given the book value of the stock, and present earnings of the stock, the short term price movement should be positive.

I do think Koo is slippery......but seems to be effective. Reminds me a bit of some of our own political leadership (Too Bad!)