EMCORE Corporation (EMKR)

[BooDog]

I flipped out but still had my alert set so received the news after close yesterday. My opinion is that this shows a lack of restraint and impatience to attain their market value with a little work. Taking the easy way out to get the price up for institutional buyers. The media didn't help much with the flooding in Thailand imo but Emcore was recovering just fine and doesn't need to rake shareholders over the coals with this move. A buy back would accomplish the same thing and even without that in a few quarters I think they were on the right track to achieve a more competitive share value.
That’s just my thought.