Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: quidditch who wrote (12529)	6/18/2000 4:01:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 13582

Steve, one problem in establishing a factual basis showing intent to deceive or a conflict of interest is being able to tie specific short sales, sales of covered calls, or purchase of put options to knowledge about the information that was subsequently publicized. Chances are that the persons or organizations initiating the transactions may not have been connected DIRECTLY with the investment firms that were making the unfavorable comments. If I call up my friend and say, "You know, I am going to be making some comments about Company X at a meeting tomorrow, and my comments might be taken as unfavorable," the examiners will have an awfully difficult time finding any financial or business relationship between my friend and me. Even if an examiner learns that we are friends, as long as I'm not an officer of the company or privy to company inside information, there is no violation. The difference here, it would appear, is that there are at least indirect relationships that raise serious questions of impropriety. Art