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Stocks Q / Qiao Xing Mobile Communication


Subject:  Re: 2008 Q2 Conference Call Date:  9/20/2008  9:18 AM
Author:  lukematt Number:  8 of 16


Thanks for your reply.

> I'm also thankful that my holdings in QXM are small.

I really don't know what to think about QXM. During the conference call, an analyst directly asked them--"You have a lot of cash. What about a share repurchase?"

QXM's CFO listed the probable uses of the cash that I mentioned in my original message. Not a word about a share repurchase.

The analyst asked again about a share repurchase. Nothing.

Then, a few days after I post my message, QXM announces a share repurchase.

I don't know what to think.

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