Share Buybacks

Hi Guys,

I was hoping to pick the brains of the knowledgeable investors we have in the NET forum.

It is very common for tech companies to raise large amounts of capital by issuing shares in the early stages of business. We can take NET as a prime example of this. I was wondering whether it is common for tech companies to take part in share buyback schemes instead of dividend payments to try and reverse the previous dilution of the share value? And if it is common, at what stage of the company lifecycle would you expect to see it? Once the company hits break even? Once it has had multiple years of profit?

Im sure it isn’t a case of one size fits all, but I thought there may be a ‘typical’ strategy tech companies follow? Any examples would be appreciated.

Thanks in advance for any information!

Cheers.