To: LOGAN12 who wrote (144296 ) 10/12/1999 5:49:00 AM From: Mick Mørmøny Respond to of 176388
Re: Did anyone notice the insider sales in BARRONS today? Some individual selling 1,000,000 shares =$46,000,000.Yikes! That makes me nervous! Friendly reminder: Please try to stay off the java when you see one of these insider sales. They are predictable and nonevent, like clockwork. $$$ --- Dell Computer Founder Michael Dell Sells 4 Million Shares By BLOOMBERG NEWS, October 12, 1999 ROUND ROCK, Tex. -- The chairman and founder of the Dell Computer Corporation, Michael Dell, sold four million of his company's shares last month, raising about $190.3 million. Michael Dell sold the shares of the largest direct-seller of personal computers on Sept. 13 and Sept. 14 for an average price of $47.77 a share, according to documents filed with the U.S. Securities and Exchange Commission. The company's shares closed Monday at $45.5625, up 6.25 cents. Michael Dell controls about 14 percent of Dell Computer's 2.55 billion shares outstanding. He sold 8 million shares in both March and June, and 4 million in late August. Dell Computer, based in Round Rock, Tex., near Austin, was the best-performing stock on the Standard & Poor's 500 Index in each of the last three years. The shares have risen about 24 percent this year. Other Dell executives also sold shares last month. Vice Chairman Morton Topfer sold 1 million shares on Sept. 27 and Sept. 28 for $44.3 million, or an average price of $44.13 a share, according to the SEC filings. Vice Chairman Kevin Rollins sold 400,000 shares from Sept. 20 to Sept. 30 for an average price of $45.36, or about $18.1 million, the filings show. Senior Vice President Rosendo Parra sold 123,264 shares on Sept. 29 at $43.56, for a total of $5.37 million, and Chief Financial Officer Thomas Meredith sold 64,000 shares on Sept. 17 for $2.98 million, or $46.50 a share, the filings said. Senior Vice President Joseph Marengi sold 24,500 shares on Sept. 20 for $1.2 million, or $49 a share, and Senior Vice President Michael Lambert sold 50,000 shares on Sept. 7 at $49.57 a share, for a total of $2.48 million. Did anyone notice the insider sales in BARRONS today? Some individual selling 1,000,000 shares =$46,000,000.Yikes! That makes me nervous! Friendly reminder: Please try to stay off the java when you see one of these insider sales. It's predictable and a nonevent, like clockwork. $$$