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Technology Stocks : Identix (IDNX)
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To: Craig Schilling who wrote (61)2/12/1997 1:00:00 PM
From: marvin smith   of 26039
 
Craig, I am posting a reply Bob Gable gave to me on the insider seling at IDX. What we must remember is Fowler has spent about 16 years in this company as its founder and doesn't receive a big salary. Here is Gable's post: Identix
by Bob Gabele, 7/30/96

Marvin:

The insider picture at Identix looks pretty normal given the amount the shares have risen this year. You've got to expect a certain amount of profit taking. Fowler has sold 80,000 shares so far this year at prices between $12.50 and $15. He continues to hold over 1,034,582 shares so the sales were hardly big enough to concern us. There is no magic number that would cause us to be bearish. Insiders selling in the $10 range would be a concern because they would not be waiting for a rebound. So far, however, we see no evidence of this. I would need to see a number of insiders dropping percentages far in excess of 10% before becoming concerned.

Bob G. Marvin Smith
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