Re: "But Intel had pretty good timing in "
Here's some more "good timing" !!
Intel sold 170,000 shares of GlobeSpan last Friday - November 3 - before today's $17 price drop !!!
My God how the money rolls in !!!
newsalert.com
Intel Prepares To Sell 170,000 GlobeSpan Shares (INTC,GSPN)
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(NewsTraders.com)-- Chip giant Intel (INTC) submitted its intentions to cash in 170,000 shares of GlobeSpan (GSPN), a prospective transaction that would generate roughly $12.5 million in gross proceeds.
Merrill Lynch was named as the agent to handle the stock's disposition, a transaction Intel slated for Nov. 3, according to a Form 144 filing released today.
GlobeSpan, which specializes in integrated circuits for DSL applications, currently has about 70.6 million shares outstanding.
In recent market activity, shares of Red Bank, N.J.-based GlobeSpan plunged $17.69, or 26.3%, to $50.13.
Of note, a Form 144 only shows a filer's intent to sell the shares. Actual verification of the sales, if and when they occur, would be provided in a subsequent filing.
Copyright 2000 NewsTraders Inc. All Rights Reserved 16:10 Tuesday, November 07, 2000 |
