Intel execs on selling spree
Senior executives at Intel (NASDAQ:INTC) have
filed with the Securities and Exchange Commission
to sell about $70 million worth of company stock,
Reuters reports. The biggest seller: Frank Gill,
an executive vice president, who intends to unload
390,664 shares worth about $30 million. Another
big seller: Leslie Vadasz, director and senior
vice president in charge of business development,
who wants to sell 250,000 shares worth about $20.4
million. Authur Rock, a director and one of
Intel's initial venture capitalists, is selling
58,000 shares worth $4.8 million. A company
spokesman said, "I wouldn't read too much into
it," adding that company officials only had a
"very narrow window of opportunity" to act on
their stock holdings. |
