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Technology Stocks : Vitesse Semiconductor

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To: Steve Robinett who wrote (646)5/28/1997 11:33:00 AM
From: Skeptic   of 4710
 
According to people familiar with the matter...

Vitesse has not paid bonuses or given raises for a while. Thus, employees rely on their stock options for a good portion of their compensation. Selling by large numbers of insiders is a quarterly phenomenon, intentionally done simultaneously, and should not be considered unusual.

I haven't done any checking myself, but those of you insider trading specialists should be able to confirm this quite easily.
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