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 : MONI - Marconi Nasdaq ADR -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (90)	7/19/2001 10:57:19 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 129

Marconi bosses buy more shares Date: 20.07.2001 04:01 The chairman and one of the non-executive directors of troubled telecoms equipment maker Marconi bought shares in the company on Thursday in an apparent gesture to placate angry shareholders. On Wednesday a shareholder at the company's annual general meeting asked for a show of hands from the board as to how many of them had showed faith in the company - as they were asking others to - by buying shares in the last month. A minority raised their hands. On Thursday, the company said chairman Roger Hurn bought 30,000 shares at 99 pence to bring his total to just 61,450. Non-executive director Alan Rudge bought 10,000 shares at 98.4 pence to double his holding. The day after the company issued a profits warning in early July, the then deputy chief executive John Mayo bought 200,000 shares to add to more than 160,000 he already had. Chief sales officer Mike Donovan bought 100,000 shares that day. Chief executive George Simpson bought more than 166,000 a few days later. money.lycos.co.uk