Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 226.10

+1.0%

Jan 30 9:30 AM EST

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To: who wrote (162)	6/19/1996 10:43:00 AM
From: Dee Jay	of 313

Yes, $10 million worth BUT ... it was some time ago. I saw info (and posted it here) that the Pres. and a VP between them sold $10MM worth of stock - per the Insider Sales report filed with the SEC & downloaded from EDGAR. However, those sales wee in April and before the last run-up so certainly it was not indicative of a lack of confidence in their own company, and has had nothing to do with the recent price drop. Per the Annual Report ASND is one of those companies that hands out stock options to every new hire, the quantity dependent upon the level of the position. The Pres. indicates that this is a reward for their extremely hard work. After a time (1 year?) they can start to cash out their options and I'm sure some people have been doing that. Keep in mind that early to mid-1995 is when ASND began really building up its workforce. The Annual Report indicates something like 300% in one year!!! Pretty amazing but in view of the sales growth it's understandable because you can't sustain that level of activity without the horses to do so, no matter how much component or assembly work is outsourced. Someone's got to provide the sales and sales support and tech support, all of which ASND is highly regarded for. So unless there were other insider sales that hasn't been reported that sale of $10MM by those 2 execs is meaningful only in that they cashed in some chips - but they have lots, lots more in their holdings and their unexercised options per the SEC report.

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