Hambrecht issues buy with target of $30
Also in the news today (but not new news):
June 06, 2000 05:28
The Atlanta Journal and Constitution Insider Trading Column
By Robert Luke, The Atlanta Journal and Constitution
Jun. 6-- TECH FIRM OFFICIALS BUY SHARES AT LOW PRICES: Insiders at many technology companies sold shares earlier this year at or near peak prices.
Now, however, some are buying -- at depressed prices. Among them is Healtheon/WebMD co-founder James H. Clark, who indirectly bought 450,000 shares from April 11-26 at prices between $17.02 and $25 each, totaling $8,784,000.
He and his family now hold 12,189,260 shares indirectly, worth $153,127,570 at Friday's price of $12.56 1/4 on Nasdaq.
Healtheon/WebMD had traded as high as $108 in the past year.
Last month the Internet company that links insurers, doctors and patients announced in a news release that Clark, who started Netscape Communications before founding Healtheon in 1995, planned to purchase up to $200 million of its shares and that board member and venture capitalist L. John Doerr expected to buy as much as $20 million worth.
In a filing with the Securities and Exchange Commission, Doerr disclosed he bought 75,000 shares from April 12-26 at between $17.03 and $24.77 each, totaling $1,631,000. He now holds 8,224,459 shares directly and indirectly, worth $103,319,760. |
