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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001600.0%Jan 9 9:30 AM EST
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To: The Duke of URL© who wrote (28317)2/26/1999 11:04:00 PM
From: Erin  Read Replies (3) of 45548
 
As has already been neatly pointed out on this thread, Ross Manire left 3Com in November 1998. He probably only had a certain period of time within which he had to either exercise his stock options or lost them. So his sale does not strike me as odd.

Casey Cowell was brought over onto the 3Com board of directors after the USR merger. He owned a whopping 4,028,519 shares of 3Com common stock in Aug 20 1998 (according to the proxy statement of that date), that's more than any other director or executive office of the company and accounted for 1.1% of all common stock outstanding. If he is gradually liquidating his (enormous) wealth of 3Com stock as it moves into nicely valued range (as it arguably was in Dec/Jan) then who can blame him for doing so???

Or, for that matter, can you blame any other executive who looks to their stock options for compansation. They--like all of us stock holders--have probably been waiting for an opportunity to improve their cash flow for a long time, the Dec/Jan opportunity must have been too good to pass up...

Duke of URL: The stock holders on this thread [...] are also in competition with the company's own management, who seem to keep dumping thier stock which I assume they issue to themselves for free.
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