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Technology Stocks : C-Cube
CUBE 36.89-1.0%Nov 12 3:59 PM EST
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To: DiViT who wrote (48845)3/21/2000 8:47:00 PM
From: John Rieman  Read Replies (1) of 50808
 
Most of those shares were Sequoia's. They use to own 1.1+M shares. Valentine is considered a beneficiary of the shares, for SEC purposes. They sold over 1/2 of their holdings. That's not good, from the Chairman of the Board. It could mean 3 things;

1. Sequoia thinks they can make more money elsewhere.

2. A dispute. Valentine is leaving the Board.

3. Semiconductor needs more cash. Sequoia sells $50M+ of Microsystems to buy Semiconductor stock.
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