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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Pirah Naman who wrote (3420)	7/17/1998 2:09:00 PM
From: Allen Benn	Read Replies (3) \| Respond to of 10309

And no matter how you dress it up, the statement of cash flows in the annual report shows a significant percentage going to repurchase shares. You are confused about this. There is nothing evil or wrong about repurchasing stock if you have available cash and the shares are judged by management to be under-priced. Personally, I would like management to consider buying back all the public shares (me excepted and you too if you are good) and going private, using debt. For years, WIND allowed shares to grow from the dilution of options. Lately, the company is buying back stock. The reason for this is not to disguise the dilutive effects of options. The stock is being bought back because the stock is cheap. For reasons I gave in my earlier post, management can't tell you this because of accounting guidelines. That's why I answered Michael's questions to Dick using inferences that follow from economics and formal accounting guidelines. Michael, sorry I butted in, but I hope you understand why I thought it was necessary. Allen