Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.50

+6.2%

3:59 PM EST

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To: Goutam who wrote (17960)	11/6/2000 9:05:37 PM
From: chuckles58	Read Replies (1) of 275872

VA Linux (LNUX) warns & drops 42%, guess who sold in October? INTC! INTC, a 10% beneficial owner which would mean around 5 million sh., sold 852,500 sh. in October for $28.8 million (avg. of $33.87/ sh.), according to Yahoo insider sales link below: biz.yahoo.com Looks like they sold just in time. Intel's remaining holdings in LNUX took a beating today! It dropped $12 5/8 to $17 3/8. Too bad they didn't see the warning coming, they could have unloaded some of their stock ... oh yeah, never mind. We might peek back in a few days to see if any more sold 11/1 - 11/3. Notice they waited until after September (hint 3Q00). Don't expect them to sell any more for a while as it may make it hard to reach their 4Q capital gain goal. They were carrying it at about $250 per share (per the link you posted a month or two ago.) OTOH, I imagine the $250 included unrealized gain as of that date, so their basis is probably pretty low, so who knows, they may even show a profit on those sales. BTW the opening price on its IPO was $188. Back to my lurking. CB OT - Please vote, and if you vote for Al Gore, please only vote once. (I liked that one from W.)

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