NovAtel - Global Positioning Systems Message Board

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Technology Stocks : NovAtel - Global Positioning Systems

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To: Bron-y-aur who wrote (173)	7/21/1998 5:30:00 AM
From: Robert T. Quasius	Read Replies (1) of 191

I got out of this stock in the mid 7s at a loss, after insiders sold a majority share of the company to Canadian Marconi. Despite rosy language about benefits to the company from an alliance with Marconi, I saw the action for what it is: a massive insider sale. It's no coincidence that there was an earnings warning at about the same time. If the insiders thought the alliance was so great, then why didn't they keep their holdings and offer a private placement of stock? I completely lost faith in NGPSF management at that point in time. My advice: get out now. This stock is going nowhere fast.

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