SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 7th Level
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brian Dooley who wrote ()9/3/1997 7:01:00 AM
From: shlama   of 1019
 
from gamespot.com:

Mike Milken Sells High
As 7th Level continues plans to
refocus its business away from
games, a high-profile stockholder
is shedding some weight.

Variety is reporting that former
junk bond king Michael Milken
sold about one-third of his
holding in the company.

An SEC filing on Friday showed
that Milken sold 500,000 shares
for a total of about US$1.7
million after the company's stock
jumped following an announcement
on Wednesday of a deal between
7th Level and Microsoft.

The stock rallied to $3 that day
and $3.72 on Thursday, falling to
$3.06 on Friday.

Milken still owns 1.3 million
shares, or about 9.5 percent of
the stock. The filing did not
specify the price he received. He
was one of 7th Level's original
investors in 1993.

By Kate Hedstrom, PC GameSpot
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News