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Technology Stocks : INTS - Integrated Systems -- Ignore unavailable to you. Want to Upgrade?

To: Chinacat who wrote (283)	3/31/1999 7:58:00 PM
From: Alan A. Hicks	Read Replies (2) \| Respond to of 327

The last day of the first calendar quarter is an ending period for the employee stock purchase plan. I believe the way it works is that ISI employees are able to sign up to purchase shares at the beginning of the period and they only pay 10% below the low price during the period. The employees received their shares today. Judging from the trading today it looks like around 50,000 shares were sold. Employees can then turn around and sign up for the next period. It is like an extra pay bonus for them. If my calculations are right, they only paid about $6 for their shares and sold at $12 1/2 - $13 today. These shares come out of the 1.1 million shares that were bought back by the company in the $7 to $8 range last fall. I don't think today's price action reflects any fundamental problem with the company. It will probably turn out to have been a good buying opportunity as Mr. Boesenberg begins to show improving sales growth and profitability going forward.