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Technology Stocks : Intel Corporation (INTC)
INTC 48.23+2.3%3:59 PM EST

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To: Tony Viola who wrote (5514)11/19/1996 7:53:00 PM
From: Mark Brophy   of 186894
 
Re: Insider sales

<<1. These guys are restricted as to when they can sell during the year. It's typically about Oct. - Nov. and in the spring, as I recall. (Only 2 periods per year). Hey, if I had anywhere near the shares these guys do, I'd cash some too.>>

Andy Grove sold $18m in July at 74, so they're not restricted to spring and Oct.-Nov. I'm sure there must be some restrictions, but I don't know what they are. Maybe they can't sell 3 weeks before and after earnings releases and are free to sell the rest of the time.
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