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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Jesse Livermore who wrote (1432)9/14/1997 7:58:00 PM
From: E. Taylor   of 3307
 
Jesse here is some information on insider buying, from an unnamed employee. Nothing ilegal just no reason to place him/her in the cross hairs.

Here are a few tidbits that might ease Jesse's concerns about the apparent lack of insider buying, etc. First, I'm not sure if he is aware of the pretty restrictive limitations Quarterdeck places on employees with respect to QDEK stock transactions. There is a window of only about 15 days where employees are allowed to trade QDEK stock during a given quarter. 30 days before earnings and 15 days after are blacked out. Black-outs are also in effect around significant press releases. The opportunity for employee purchases or sales is quite limited because of this. This policy is quite a bit more restrictive than most corporations.

Second, Quarterdeck just repriced all existing employee options from an average price of around $16/share down to $4. Because of this, there aren't quite as many incentives for employees to go out and pick up QDEK at its current bargain price. I'm sure there are lots of employees picking up the stock in small lots. For example, I've purchased several thousand shares in 100 share increments over the past several months. Purchases of that size don't show up in reports of insider trades, but they add up.

Third, the last shareholder meeting authorized Quarterdeck to increase its number of shares, primarily to cover option grants to employees. Most employees performing at expected levels are eligible for and receive QDEK stock options. If the company is giving you stock there's not much incentive to go buy more, is there? So again, low levels of insider buying
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