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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (138910)	7/9/2001 7:07:34 PM
From: tcmay	Read Replies (1) \| Respond to of 186894

<<Tim, note that while IBM has filed to sell 1.2mm shares, they haven't made a filing that they have actually sold that stock. In fact, the 600,000 share filing from May has apparently come and gone without a sale, and the most recent 600,00 share filing is probably those same shares. >> I'll bet not, but I admit I'm not up on all the ins and outs of insider filings. I do know that a _lot_ of "proposals to sell" are not followed by statements of sales...but then some time later the numbers of shares indicates the sale went through. Some holders of a stock sell the same day or within a few days of the "proposal," from my perusal of the insider trading pages. In any case, the _second_ 600K shares is presumably not a repeat of the first 600K. I'm wiling to bet they're getting out completely...and may already have done so. More research should turn up the details. --Tim May

To: GVTucker who wrote (138910)	7/9/2001 8:19:51 PM
From: jackrabbit	Respond to of 186894

Re: while IBM has filed to sell 1.2mm shares, they haven't made a filing that they have actually sold that stock. Rule 144 does not contemplate or require a subsequent filing confirming the sale. In fact, the Form 144 is filed concurrently with the sale. If IBM owned more than 5% (they don't) they would have to file under Section 13 of the Securities Exchange Act, or if they owned more than 10% they would have to file under Section 16 of that Act. There are some other esoteric circumstances where they might have to file under Section 13 or 16 that don't appear to be involved here. Tim is correct that IBM has dumped their TMTA stock (along with everyone else -- check out all the sales over the past 2-3 months).