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To: feltburner who wrote (8592)10/26/1998 11:47:00 AM
From: TEDennis  Read Replies (1) | Respond to of 10786
 
feltburner: Re: what cash?

Good point. Just knowing that buying your own stock is good for you doesn't do any good if there's nothing in the budget to allow the purchase.

I also agree with your comment that Gruder's announcement of his own plans to buy shares was a bad thing. Or, it became a bad thing when it turned out he didn't buy a significant number of shares.

Insider buying isn't always a cure-all. Reference VIAS' CEO's purchase of his company's shares at about 10'ish. He looked pretty silly when the stock broke under 3 for a day or two.

TED



To: feltburner who wrote (8592)10/26/1998 4:32:00 PM
From: 45bday  Respond to of 10786
 
Ditto: Hate to disagree with Ted but unless a company is really flush with cash there are probably much better places to put it than buying back their own shs. I doubt very much VIAS ( I use this only as I know Ted owns 1/2 the company ) had a whole lot to do with their recent price increase. They had a lot of cash and it probably looked good and doesn't interfere with their current cash flow needs which might include making an acquisition ( god forbid ). ALYD isn't going to trade a lot higher if there are 1 Mil less shs in the float.