How much have they bought trying to prop this thing up. Hongie probably wants to spend shareholder money to push up the price so he can sell his shares at a higher price. That's how he thinks!!!!
You don't even know how you yourself thinks. Now you want to tell us how somebody else thinks.
Buybacks are not for propping stock up. As with all tech stocks compenasation is heavy in stock options so to manage dilution shares need to be bought back.If more shares are bought back actually shrinking float then it means higher EPS. In theory that should equate to higher stock price if PE remains the same.