[ale] SCO Execs dumping stock

[Pete Hardie]

Chris Ricker wrote:
> On Wed, 13 Aug 2003, Geoffrey wrote:
> 
> 
>>I don't know if everyone caught this one, but:
>>
>>"According to the Salt Lake Tribune, 'SCO Group executives have sold 
>>about 119,000 shares of their company since it filed a lawsuit against 
>>IBM in March...' Their CFO started the $1.2 million sell-off just after 
>>the lawsuit."
>>
>>http://www.sltrib.com/2003/Aug/08122003/business/83193.asp
>>
>>So let the indictments begin...
> 
> 
> Not necessarily. Some of the other Linux users in Salt Lake have been
> investigating this a bit more, and it appears most of the sales were
> automatic, scheduled sales. The SEC pays less attention to such trades, and
> it also makes it a bit harder to prove dumping....

Feh.  All it means is that the execs time their announcements to preceed/follow 
automatic shceduled sales, instead of their sales to preceed/follow announcements.


-- 
Pete Hardie                   |   Goalie, DVSG Dart Team
     posting from, but not     |
     speaking for:             |
Scientific Atlanta, Digital Video Services Group



     - - - - - - -  Appended by Scientific-Atlanta, Inc.  - - - - - - -  
This e-mail and any attachments may contain information which is confidential, proprietary, privileged or otherwise protected by law. The information is solely intended for the named addressee (or a person responsible for delivering it to the addressee). If you are not the intended recipient of this message, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this e-mail in error, please notify the sender immediately by return e-mail and delete it from your computer.

_______________________________________________
Ale mailing list
Ale at ale.org
http://www.ale.org/mailman/listinfo/ale