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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (769)1/31/2001 12:26:52 PM
From: preston-norton  Read Replies (1) | Respond to of 788
 
Wonder if it's just coincidental that this headline hits the wires hours after EMLX insiders file to sell their shares:

DJN: *DJ Emulex CFO Reiterates 3Q EPS, Revenue Guidance >EMLX
(Dow Jones 01/31 12:07:41)



To: 2MAR$ who wrote (769)1/31/2001 9:40:06 PM
From: Conan  Read Replies (1) | Respond to of 788
 
I personally do not blame them. I work in tech and have seen to many people fail to cash out on the bonanza when they can. Looking at the admittedly outdated info on insiders posted on Yahoo! it looks like pretty much sold everything that they had vested.

If some people on the BOD get pissed about this they should consider giving the CEO some restricted stock or some other sweetheart deal. If this is most of his wealth I don't blame him at all for achieving liquidity.

Conan