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Technology Stocks : Hummingbird Comm. (HUMC) -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (1705)	8/20/1998 10:21:00 AM
From: SpecialK	Read Replies (1) \| Respond to of 2018

They have plenty of money to buy back up to 4 million shares. The shares are being bought in TSE, not on Nasdaq. I wonder what the float is on TSE and Nasdaq. Sooner or later, the float will decrease as shares are bought, Shorts will have to cover. It may take a few months for us to see the effects. I wonder what the short ratio is in TSE and Nasdaq. Are these tied together when reported or separate? Ketan

To: micromike who wrote (1705)	8/20/1998 3:49:00 PM
From: Tom W.	Read Replies (2) \| Respond to of 2018

If Hummingbird had a company in their sights we would have heard about it by now. They've been saying for years that they would use the money to acquire a significant company. Lots of talk but no action. Kind of like when they announced their previous share buyback plan. I doubt that the buyback will have much of an influence on the share price. It will however, increase the EPS and bring the price/earnings ratio down. The p/e ratio right now is about 12:1. It's hard to believe that it can go much lower, but I wouldn't bet against it. It was 17:1 not too long ago. My confidence in the company is waning - slowly - but still waning. The only possibility of a significant increase in the stock price will be if Hummingbird becomes a takeover target. Let's hope that happens soon. Tom W.