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Technology Stocks : VIAS VIASOFT & THE Y2K PROBLEM -- Ignore unavailable to you. Want to Upgrade?


To: 45bday who wrote (1749)10/7/1998 6:29:00 AM
From: 246810  Respond to of 2067
 
At this price they should be able to buy the whole company back. I am helping them as much as I can. At every lower plateau I buy an ever larger stake, and then it drops even lower.

I infer from the general discussion preceding that you all are implying the price shoots up 3 days after earnings. I thought only 1.5 mil shares were authorized. The price was about 10 then?? So the board should increase the authorization by at least 2.5 times. However, at this price and with all their cash, they really could put a significant dent in the float. 1.5 mil will do nothing, only a token buy.

What is their employee stock purchase plan? They should be encouraging all the employees to buy also. In other words resell the treasury stock to those who will hold it, not dump it. Cut cash costs by paying the famous bonus in stock. It might not add up to much, but don't forget the story about Churchill catching the fish by emptying the pool one teaspoonfull at a time.

Some wag on here or Yahoo suggested that Whiteman and management in general haven't got the foggiest notion what is going on in their company or they wouldn't have bought stock for themselves at 10 in the middle of a losing quarter. That seems pretty true, so I won't hold my breath waiting for them to do anything clever or imaginative about making the stock attractive, and the earnings route may take a long time.

246810