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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (1654)6/10/2000 11:09:00 AM
From: SJS  Read Replies (1) | Respond to of 3951
 
That's easy. The guy has a boatload of stock. He's run the ship pretty well for you and I, so we've bid up the stock so that it looks preeeeetty attractive for insiders to be selling.

So why not? It's before the quiet period starts (those guys have much smaller windows to buy and sell, unlike you and I......) and I think he deserves to sell and reap some of the benefits he's delivered to us, to himself and his wife/signifcant other.

Steve



To: 10K a day who wrote (1654)6/10/2000 4:28:00 PM
From: Red Dragon  Read Replies (1) | Respond to of 3951
 
The insider selling seems to be very controlled and methodical. Chairman/CEO Scifres, which you featured so prominently, seems to methodically sell 100,000-120,000 shares every quarter during the open window. They sold 105,000 in Nov 99 at a split adjusted $60 (roughly), another 120,000 in Feb 2000 at a split adjusted $150, and just sold another 120,000 in May 2000. No big deal. 100,000-120,000 shares every quarter, like clockwork.

This insider selling is hardly an "abandon ship" reaction. Every successful company has regular and methodical selling from its insiders.

Certainly, the prior insider selling has not hurt the company or stock price performance. In fact, they probably wish they hadn't sold so cheaply.

biz.yahoo.com