Scumbria and thread,
I just got this e-mail from a lurker, maybe this explains AMD's recent movement?
Did I miss something, or is this wrong? I don't remember this being discussed on the thread.
>From: @aol.com
>To: chic_hearne@yahoo.com
>Subject: amd
>Date: Tue, 23 May 2000 15:00:48 EDT
>
>It looks like he owned 1.93 million shares and he has sold 825,256 shares
>since 2/5. Almost half his shares. The entire article is below.
>
>
>SEC Filings
>
>
>Advanced Micro Devices CEO hits pay day
>
>By Matt Andrejczak & Amanda Tyler, CBS MarketWatch
>Last Update: 8:51 PM ET May 19, 2000 SEC filings
>
>WASHINGTON (CBS.MW) --The chairman and chief executive officer of
>up-and-coming chipmaker Advanced Micro Devices is handsomely benefiting from
>his company's booming stock price.
>
>W.J. Sanders III's planned sale of 190,000 shares of Advanced Micro's stock
>on May 12 follows a string of sales transactions dating back to Feb. 8.
>
>Overall, those sales consist of 825,266 shares valued at $63.215 million,
>according to a Form 144 released by the Securities and Exchange Commission on
>Friday.
>
>An SEC Form 144 only shows a filer's intent to sell shares. Actual
>verification of sales, when they occur, is required in later filings.
>
>Sanders owns 1.93 million shares of Advanced Micro, of which 1.8 million
>shares are subject to options that became exercisable on Feb. 28 or 60 days
>thereafter, the company's latest proxy indicated.
>
>Advanced Micro (AMD: news, chart) has 171.9 million shares outstanding.
>
>Shares of Advanced Micro, which is the arch rival of Intel Corp. (INTC: news,
>chart), have skyrocketed 190 percent so far this year.
>
>Strong demand for its Althon processor and flash memory chips have largely
>propelled the surging stock price.
>
>
>
>
>Advanced Micro's first-quarter profit of 189.3 million, or $1.15 per share,
>on sales of $1.09 billion blew away Wall Street's consensus estimate of 58
>cents per share.
>
>It was the company's second profitable quarter in a row after it struggled
>with manufacturing problems and nasty price wars with Intel in 1999. Sanders
>called it the company's "best quarter in its history."
>
>Shares of Advanced Micro closed down 2 11/16 to 83 13/16 on Friday.
>
>Amerigroup lays out stock offering |
