Intel still has 1,186,167 shares left. Tektronix Development Co owns 735,651 shares. In '97, Intel sold 133,333 shares in a nonmarket transaction on 4/25, and 280,500 shares between 12/5 and 12/15 in the market. Tektronix seems to have sold about 240,000 shares in market transactions. Neither company seems to be considering the market price of RSYS shares in their selling patterns. Both companies seem to be unloading their shares in an orderly manner--so as not to affect the value of their remaining shares--at prices from $24 per share to $68 per share, and everything in between (depending upon what the market price was at the time of sale).
In other words, neither company is an "investor" per se in RSYS. They got stock instead of cash for assets, and both companies over time will cash out regardless of price-per-share (pretty much as if they sold the assets on an installment plan). And, sadly for us, one or both of these companies is insuring their holdings against price drops by selling short. |
