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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?


To: Milan Shah who wrote (49290)7/28/2001 1:42:01 PM
From: niceguy767Respond to of 275872
 
Milan:

"Just because you and I decided to ignore this information does not make it illegal."

Agreed in part...As kapkan4u pointed out earlier, AMD had ample info., it seems, based on recent JS comments, to warn back in early May rather than waiting 'til 1 week before q2 earnings release...Begs the question, why no warning in early May, particularly in light of the relatively huge insider volume by a relatively small number of insiders? Don't know if that can be construed as withholding information, so not sure if it's illegal, but from my vantage point it is at the minimum, reprehensible management behaviour! Don't know if its the substance of class action, but do know it's not the substance of classy action!



To: Milan Shah who wrote (49290)7/29/2001 4:43:26 PM
From: fyodor_Read Replies (1) | Respond to of 275872
 
Milan: I don't think there was anything illegal. I bet all of these fine gentlemen filed their intent to sell with the SEC in a perfectly timely manner.

Just because you and I decided to ignore this information does not make it illegal.


Well, the problem is not at all related to executive selling, as far as I can tell. The problem is that Hector said ALL WAS FINE a week or two before the warning - and that AMD was on track to make a buck fifty for the year. Clearly, he was either completely in the dark or not telling the truth. The latter would most certainly be illegal, the former might even be, depending on the circumstances.

Hector's comments were widely quoted on this thread, so the timing and wording of his comments shouldn't be too difficult to uncover.

-fyo