The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Rick Smith who wrote (12535)	11/17/1997 3:18:00 PM
From: Neil S	Read Replies (2) of 29386

>>Robert Cornelius, VP, sold 2,000 shares at $8.69 on 10/10/97. He still holds 416,500 shares. It appears that he filed to sell an additional 2,000 shares a couple of days ago according to my bloomberg machine. Looks like he's just selling 2,000 shares a month, which at this rate will take him 17.3 years to get out.<< Cornelius sells 2k every month as part of a pre-programmed sell plan just like Dale Showeres who has been selling 10k monthly. The sale is made monthly regardless of price and is done, in part, to avoid "insider trading" issues and is old news.

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