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NWK-will move today-imho-at 4.23-was 6.50 the day before--sold off on good earnings--in the CC yesterday--this has not happened yet-Network Equipment Technologies Inc. Announces $20 Mln. Stock Repurchase Plan 02/27/2008 4:08PM - RTT News with 29 million out they could buy 17% of the company back--radar close and G/L
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lol--yes-volume has dried up--maybe selling or shorting, or both have stopped and we can go up now!! here is wishing!! __________________
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I wonder if the company has used any of the 20 million dollars they aloted for a stock buyback? As of the CC last week, they had not used it yet.
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I just saw that they have more than enough cash to pay off all debt if they wanted to--and a 20 million buyback going to take place!!--we need to eat the 4.50 today-then we rock-- NWK Balance Sheet Total Cash (mrq): 161.21M Total Cash Per Share (mrq): 5.519 Total Debt (mrq): 109.71M Total Debt/Equity (mrq): 0.901 Current Ratio (mrq): 7.161 Book Value Per Share (mrq): 4.168 __________________
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love this stock--earnings were good-3.5 mil. shorts and just 29 mil. outstanding, and best of all--the company has 20 mil. dollars issued to buyback stock--sit and enjoy the ride--G/L all __________________
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4 million shorts and just 29 million out--when the company starts the 20 million dollar buyback--with this low of float--we could see 1.00 to 2.00 pop in ine day!! jmho __________________
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