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Politics : Formerly About Applied Materials
AMAT 322.51+6.1%Feb 6 9:30 AM EST
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To: Paul V. who wrote (8024)9/18/1997 9:38:00 AM
From: Q.   of 70976
 
Insider sales: CEO Jim Morgan sold shares in August. According to Vickers, he sold 17,254 shares at 99 5/8 on 8/18 after selling 118,376 at 97 1/4 on 8/15. He is still left with 595 k shares. Also, an insider named Dan Maydan sold 58862, which was about 1/3 of his holdings, on 8/15.

I wonder what to make of this. I remember that at the peak of the last cycle, Lam's CEO Roger Emerick sold a lot of shares at about 65, right about when the stock peaked. Then there was a cyclical downturn in the industry.
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