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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (135165)	11/19/2001 7:13:07 PM
From: Dr. Jeff	Read Replies (3) of 436258

One more thing regarding NVDA. Look at this first article that came out on Yahoo and notice the Bold Print: My comments follow.... Monday November 19 3:09 PM ET dailynews.yahoo.com NVIDIA Workers Accused of Insider Trading SAN FRANCISCO (Reuters) - The Securities and Exchange Commission (news - web sites) on Monday filed suit against 15 people -- including 11 NVIDIA Corp. (Nasdaq:NVDA - news) employees -- for alleged insider trading in shares of NVIDIA. The SEC charged the 15 bought the stock on a tip that the graphics chip maker would win a lucrative contract with software leader Microsoft Corp. (Nasdaq:MSFT - news). The SEC said it had already reached settlements with two of the defendants. The SEC alleged that the defendants racked up $1.7 million in illegal profits in March 2000 after learning in a company e-mail that the firm would be supplying high-speed graphics chips for Microsoft's just-launched video game console, the X-Box. The employees -- nine engineers, a contract worker now employed in NVIDIA's human resources department, a financial analyst employed by the Santa Clara, California-based company and four friends and relatives -- began buying shares on March 6, the SEC charged. The stock more than doubled in price in the trading that followed, soaring to $118, the SEC said. Microsoft said in a news release on March 10 that it had selected NVIDIA to design and manufacture the graphics for its game console. NVIDIA shares were trading at $51.70 on Monday on the Nasdaq, well down from that high but still up more than 220 percent this year. The SEC is seeking a return of the profits from the alleged insider trading, as well as civil penalties of up to three times the amount of those profits. --------------------- Now, this is just another example of how absolutely clueless the press is about anything and everything. Did this clown not realize that the stock has split TWICE since the so called "insider trading" happened? I mean, it only takes 30 seconds to do a quick look to find out what's what. On March 10th, 2000 the stock actually hit 145 (he mentioned $118 which was only the close). Adjusting for splits, the so called insiders got between 29 and 36. Based on this clown's article, you'd think they had sold the absolute peak in the stock. Unreal how stupid and uninformed the media is.

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