[Business Case/Insider Selling]
Tac Berry's comments regarding "no business case for 1997" perhaps sheds a bit more light on the insider selling. Mgmnt is confident in long-term prospects, but not in short-term share price. The company already is on lists for highest P/S and P/Book.--Why should it go higher without a "business case" for 97? (srvhap asked a good Q, "Was this the message to fund managers?") Moreover, after Tac's comments, CAPers (and AWRE) are being asked if this is true, and they say "that's Amati, not us...we have a great business case for 97, with much more for 98." I'm kicking myself, like Rob C. and others, for not standing aside @ 15. The aura of N+I has kept me in. Hopefully, enough knowledge is generated to at least keep AMTX from a further slide. That said, the market for Amati improved this week as widespread ADSL is now a given. However, since many uncertainties remain, it may be a while before the stock price picks back up (I still think we should see 20 by year's end).
Here's one perspective on PAIR's insider selling (it does affect share price): techstocks.com |
