Insider selling:
From www.cda.com
Several analysts who follow this stock have maintained their "accumulate" ratings based on Geoworks' position
as a market leader in the smart phone market, the company's accelerated revenue growth throughout '96, and
its solid partnerships with several cellular service providers (including NTT-Dokomo). We frequently notice
insiders buy shares after the price of a particular issue drops significantly. However, insiders at Geoworks are
eroding their holdings rather than taking advantage of the potentially discounted prices (the shares have
decreased 46% since mid-June). From November 12 to November 25, five executives cleared out 102,520
shares at $20-$26.17, while one of them indicated his form 144 intention to dispose of 30,480 shares at $25
each. With his sale of 60,000 shares, Chairman Brian Dougherty reduced his actionable holdings by 19%.
Divisional Officer Clive Smith trimmed 12,520 shares, and filed to dispose of 30,480 additional shares. If this
sale is completed, Smith's '96 annual sales total would become 96,500 shares, his largest yearly amount since
he commenced filing in 1994. In an 8% decrease in his actionable position, President Gordon Mayer disposed
of 22,500 shares. Finally, Director Eric Schmidt registered just his second open-market sale since becoming a
filer in '94, trimming 5,000 shares. Geoworks develops operating system and application software for the
consumer computing device market.
Someone previously mentioned this is a good short candidate. I am with you...
They must compete now with Windows CE hand-helds. |
