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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: zurdo who wrote (4654)	7/29/1998 7:22:00 PM
From: B.REVERE	Respond to of 9523

[Stock buyback]-----According to the last 10Q filed for the 6/30/98 quarter, PFE can still purchase over 10 million of its shares ($ 1 billion+ value) until Sept.1998. I believe that this an option of theirs and not mandatory. Hopefully, they will validate their optimistic claims of last Friday's analyst' meeting by stepping up to the plate these next two momths. Q23) What is the status of Pfizer's share repurchase program? A23) In September 1996, Pfizer's board authorized the Company's repurchase of up to $2 billion of its common stock over 18-24 months. In the second quarter of 1998, Pfizer purchased 1.2 million shares at an average cost of about $102. Between September 1996 and the end of June 1998, Pfizer purchased 15.6 million shares at an average cost of about $60. Later, BR