Jeff,
Yes. Bailed at $34. It just makes no sense vis-a-vis
employee option repricing at 34 15/16. Someone here
suggested that, after a merger, insiders cannot sell
for a period of time. That explanation -- that these
sales were pre-merger planning -- makes a heck of a lot
more sense to me than a management bail-out.
When NIKE management bailed this summer, they sold big
time. Here, we have Ejabat, a 1.3M shareholder, selling
15,000 shares. Bailout? Likewise, for Deshande (who must
be a big shareholder, but who sold 35,000 shares). I mean,
if you are going to bail, why sell off just 1% of your
holdings????
I know, they had to meet margin calls! <VBG>
Gary Korn |
