Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (148103)	7/12/2002 10:11:51 AM
From: TimF	Read Replies (1) of 1572942

Ted - Bush filed his "intent to sell" paperwork and talked to the company's legal counsel and several other prominent people in the company about selling before he sold. He wasn't trying to hide the fact that he was going to sell. The notice that he actually had sold the shares was filed late but the intent to sell paperwork was filed and made public. There was no attempt to keep the whole thing secret. As for insider trading - 1 - The SEC found that most of the decisions and distribution of timely information about the company where made by the executive committee not the entire board. There is no evidence that Bush had the soon to be released info about greater then expected losses when he sold. 2 - Bush had a loan that he wanted to pay off and witnesses reported that he had talked about selling off the stock to pay off the loan. 3 - At the time of the SEC investigation the stock was at a higher price then the price Bush got when he sold it. 4 - The SEC concluded that there was no evidence that would lead to the conclusion that Bush was guilty of insider trading. Tim

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