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Technology Stocks : Vitesse Semiconductor

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To: Anthony who wrote (1320)3/28/1998 2:12:00 AM
From: gda   of 4710
 
Check out all these insider tradings!!

I may have missed someone already posting this but I just noticed there was a bunch of insider trading this quarter. Some of these guys unloaded most of their shares at $50. Lou (the pres) unloaded 20000, Ira only has 7000 left and Ram has 0! left.

The only guy missing from the list is Neil Rappaport, VP of Sales. Perhaps he does not realize the company cannot build all that he is selling! (I'm just being a little sarcastic).

You can find the info at quote.com but you need to register.

DATE NAME TRADED PRICE SHARES HELD
02/24/98 MILLHOLLAN, MICHAEL VP Sell 10000 50.000 12063
02/24/98 HOVANEC, EUGENE F. VP Sell 25000 50.000 53593
02/24/98 NUNN, ROBERT R. VP Sell 5000 50.000 18449
02/11/98 JOHNSON, M. JEANNE VP Sell 1500 49.000 394
02/10/98 TOMASETTA, LOUIS R. PR Sell 20000 49.000 179934
01/30/98 DEYHIMY, IRA VP Sell 10000 43.000 7110
01/14/98 VENKATARAMAN, RAM VP Sell 10000 42.000 0

I agree with you Anthony. If this quarter comes in a wee bit disappointing we are going to slide to the low 30's in no time.
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