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To: d:oug who wrote (37969)7/31/1999 3:48:00 AM
From: d:oug  Read Replies (1) | Respond to of 116957
 
Speaking of insider selling, several AOL America Online executives this
week sold a block of 4 million shares, raising more than $400 million.
Chairman Steve Case sold 1.5 million shares and President Bob Pittman
sold 1 million. This week Bill Gates filed to sell 3 million shares of
Microsoft stock, or more than $250 million worth. So far this year, he
has sold 15 million shares, this after selling $1.8 billion in 1998.
Fellow Microsoft founder Paul Allen also filed to sell 1 million
Microsoft shares. Interestingly, this week Paul Allen's Charter
Communications, the country's fourth largest cable company, announced it
is planning to do an initial public offering of almost $3.5 billion. It
is certainly our view that the game is changing and that the smart money
will be working to trade paper for others' cash, exiting the great US
stock market mania.
Le Metropolo Cafe lemetropolecafe.com