Yeah,'lemme' try if you don't mind.
Well if you own couple of hundred million shares and keep getting more through options every year what would you do? Keep stacking them up in the garage???? Any company executives with any sense would sell shares of their company every year or as and when they need money for personal use,otherswise what is the point. Also Dell executives only get about 6 months in a year to sell their shares on account of SEC regulations or some such thing. Also considering insider sales without comparing it to their total holdings is meaningless at best. So there,does that make any sense to you?
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Excerpts from news.com
......'Dell's CEO has sold 12.7 million shares to date in 1998, on a split-adjusted basis. That's in the range of some previous sales, when accounting for stock splits. Last year he sold 5.9 million shares, and 18.5 million in the previous year, said Bob Gabele, editor of the Insider's Chronicle and president of CDA/Investnet.
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Dell currently holds roughly 200 million shares, Reid said. And as part of the company's policy, insiders are allowed to trade in the six to seven weeks before quarterly results are announced, or following the third trading day after the earnings report is released.
"People looking for deep meaning in the trades done by Michael and other executives don't know our company well. Their volume is usually small to their total holdings, and it's done in a planned and consistent fashion," Reid said. ..
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