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Biotech / Medical : Biosource International -- Ignore unavailable to you. Want to Upgrade?

To: Gale who wrote (550)	9/8/1998 7:56:00 AM
From: tom pope	Read Replies (1) \| Respond to of 696

I also had my partial ear on, and, subject to correction, I think it was a different company with a similar name.

To: Gale who wrote (550)	9/10/1998 8:20:00 PM
From: Joe Dancy	Read Replies (1) \| Respond to of 696

Did a search for stories on Biosource Gale that have been published in the last month - and a whole bunch on "Biosource Technologies" and their deal with Dow - involved genetically engineered agricultural products if I recall right. So yeah, you heard "Biosource" but it was not our BIOI. Other than that nothing published that was striking - other than the company will tell its story at another investor conference. One thing I like is that the company is trying to get the story out - and does not hype investors with a bunch of nonsense. They also monitor this board, so I have a suggestion in addition to the above compliment for them: please consider buying back more than 250,000 shares at the current price - heck you purchased the last million at an average price of $6.77 so today at $4 it is a steal - and no-one knows the value of the company like the management. Look at SECX - they did a million share buyback and within a few weeks completed the whole program , then came right back with another million share repurchase program - buying back 20% of the shares if the second leg is completed. Nothing like a confident management buyback to support the compelling price the company now sells at. But heck, I'm not complaining. If the stock falls back to around $3-$3.50 in the next few months on tax selling I'd like to buy 1% or more of the company, on margin. Joe ** Here's the SECX article. Talk about an aggressive buyback program - bought a million shares in a week or so - was sort of lukewarm on the company short term until this: ATLANTA, Sept. 10 (Reuters) - Sed International Holdings Inc., a distributor of microcomputer and wireless communications, said Thursday that its board has expanded its share buyback plan to include an additional one million common shares. On Sept. 2, Sed International announced the buyback of one million shares, out of which it has already bought back about 900,000 shares, as of Sept. 9. In all, the company would buy back up to two million shares, the company spokeswoman said. The company has about 10.49 million shares outstanding as of Aug. 1, according to S&P Marketscope. "The board of directors believes that repurchasing our own stock is a good investment as well as a good utilization of the company's excess cash," said Gerald Diamond, chairman and chief executive officer. Sed International shares were at 4-3/4, up 3/8 from yesterday's closeing price during late afternoon trading. The company's year-high is 20-1/2 and its year-low is 3-3/4.