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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Don Earl who wrote (18784)11/28/1997 7:08:00 PM
From: Scott C. Lemon  Read Replies (1) of 42771
 
Hello Don,

> Following the discussion on insider activity, I'm not sure if Scott
> understood the difference between Presidents, Vice Presidents,
> Directors, Financial Officers, etc. that are in a position to have
> very confidential information that would be a clear trading
> advantage over the average employee.

Oh yes ... I fully understand the difference in responsibility and requirements. ;-)

> To my knowledge employees don't have to file and their trades are
> not reported. Yes?

The only reporting that I believe that the average employee has to do is if they do a same-day-sale, or if the sell options that have been exercised ... and both of these only if it has been sold in less than a year from purchase (I think...) because of long-term/short-term gains issues.

> IMO this quarter was a book keeping surprise not an earnings
> surprise. I suspect the Chief Financial Officer felt the same way
> when he sold 10K shares at the end of October rather than waiting
> three weeks for the numbers to be released.

Are you referring to NOVL's CFO? Where did you find this? I looked all over insidetrader.com and only found the monthly sell of 1000 shares by (just guessing ...) Bradford?

Where did the 10,000 shares get reported?

> Regards,
>
> Don

Scott C. Lemon
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