Buffett may buy back Berkshire shares

Article Abstract:

Berkshire Hathaway founder and legendary investor Warren Buffett said that he is considering buying back shares of Berkshire because their value has declined so precipitously. Buffett also reaffirmed his commitment not to invest in technology stocks. He has never bought back Berkshire shares nor disclosed his estimate of Berkshire's intrinsic value. The value of Berkshire stock is slightly higher than its 1999 year-end book value of $37.987 a share, which PaineWebber analyst Alice Schroeder said has not been that low when compared with the company's book value since 1983.

Financial management, Insurance Agents & Brokers, Insurance Agencies and Brokerages, Berkshire Hathaway Inc.

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Fiber-optic firms lead list of 27 IPOs this week

Article Abstract:

Fiber-optic companies are leading the list of 27 initial public offerings in the week of Jul 24, 2000. The shares of Corvis, developer of equipment to increase the endurance of light signals over the Internet backbone, are expected to trade and raise over $400 million. Avici, developer of optical routers, is scheduled to sell only 6 million shares for as much as $120 million and a market value of $856 million. Other issues include those of Tycom and Opnet.

Organizational history, Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Fiber optic networks

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