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To: DiViT who wrote (48845)3/21/2000 12:31:00 AM
From: Tim McCormick  Respond to of 50808
 
Now that was a chunk of change.



To: DiViT who wrote (48845)3/21/2000 9:58:00 AM
From: Humblefrank  Read Replies (1) | Respond to of 50808
 
I wonder if he sold any Cisco too. It doesn't take a genius to see that this market is heady. I remember not to long ago when the Nasdaq was at 1,000.



To: DiViT who wrote (48845)3/21/2000 8:47:00 PM
From: John Rieman  Read Replies (1) | Respond to of 50808
 
Most of those shares were Sequoia's. They use to own 1.1+M shares. Valentine is considered a beneficiary of the shares, for SEC purposes. They sold over 1/2 of their holdings. That's not good, from the Chairman of the Board. It could mean 3 things;

1. Sequoia thinks they can make more money elsewhere.

2. A dispute. Valentine is leaving the Board.

3. Semiconductor needs more cash. Sequoia sells $50M+ of Microsystems to buy Semiconductor stock.