Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: Jack Hartmann who wrote (3053)	8/18/2003 10:36:37 PM
From: saju chacko	Read Replies (1) of 3076

the below can't be too good. most of you are aware of management signals to shareholders of overpriced stock. to me it's a clear signal to sell. guess they couldn't get a deal signed. prospects look much weaker now. __________-------_________-------________ biz.yahoo.com Echelon Officer Establishes Trading Plan Pursuant to SEC Rule 10b5-1 Thursday August 14, 8:55 am ET SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 14, 2003--Echelon Corporation (Nasdaq:ELON - News), the creator of the LonWorks® device networking platform for connecting everyday devices to each other and the Internet, announced today that Oliver R. Stanfield, Echelon's chief financial officer, has adopted a prearranged plan to trade specific amounts of Echelon stock over approximately eleven months, subject to certain price restrictions and other contingencies. The plan will be used by Stanfield to diversify his Echelon holdings as part of estate planning activities. The plan is in accordance with Echelon's insider trading policy and Rule 10b5-1 of the Securities & Exchange Act of 1934. Rule 10b5-1 permits the implementation of written, prearranged stock trading plans when insiders are not in possession of material non-public information, and allows the insiders to trade on a regular basis, regardless of any subsequent material non-public information they receive.

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