Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 92.72

+5.2%

Nov 24 3:59 PM EST

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To: blake_paterson who wrote (63785)	1/6/2001 5:49:14 AM
From: Bilow	Read Replies (2) of 93625

Hi blake_paterson; Re: "Why would he put his own money at risk if he thought it scked." It takes the big guys just about as long as the little guys to figure out something isn't working. No human likes to admit he was wrong, so they go on believing what they want to believe until the facts are forced upon them. Here are some great examples of CEOs that were forced into margin call situations by holding too much of their own stock: April 19, 2000 CEO of INOD gets margin call on INOD stock holdings. Oct 6, 2000 CEO of WCOM gets $78 Million margin call on WCOM stock holdings. Nov 16, 2000: CEO of PSIX gets margin call on PSINet stock holdings. Note that the above examples are not all the cases of where management went down with the ship, they are just examples of where it became public knowledge that management took out so much loans that they defaulted on their margin agreements, and* it became embarrassing public knowledge. -- Carl

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