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To: yard_man who wrote (135165)11/19/2001 6:16:22 PM
From: Brasco One  Respond to of 436258
 
bad grammar in that article! <g>

but, that does have serious offense..



To: yard_man who wrote (135165)11/19/2001 6:35:41 PM
From: Dr. Jeff  Respond to of 436258
 
Yeah, maybe investors should petition for a name change to INVIDIOUS, though I hardly see that the SEC is really doing it's job well. They are doing far too little, and way too late. They go after a bunch of small time people that made some chump change 17 months ago. What if they had just held the stock as "investors" in the company? They certainly would have done far better as the stock is up another 100% since, and it all would have been without scandal, castigation, reparation and possibly jail. In the mean time, the real "insiders" were legally able to dump MASSIVE amounts of stock with no one batting an eye. It's all such a complete farce IMO.

biz.yahoo.com



To: yard_man who wrote (135165)11/19/2001 7:13:07 PM
From: Dr. Jeff  Read Replies (3) | Respond to of 436258
 
One more thing regarding NVDA. Look at this first article that came out on Yahoo and notice the Bold Print:
My comments follow....

Monday November 19 3:09 PM ET

dailynews.yahoo.com

NVIDIA Workers Accused of Insider
Trading

SAN FRANCISCO (Reuters) - The
Securities and Exchange Commission (news -
web sites) on Monday filed suit against 15
people -- including 11 NVIDIA Corp.
(Nasdaq:NVDA - news) employees -- for
alleged insider trading in shares of NVIDIA.

The SEC charged the 15 bought the stock on
a tip that the graphics chip maker would win a lucrative contract with
software leader Microsoft Corp. (Nasdaq:MSFT - news).

The SEC said it had already reached settlements with two of the
defendants.

The SEC alleged that the defendants racked up $1.7 million in illegal
profits in March 2000 after learning in a company e-mail that the firm
would be supplying high-speed graphics chips for Microsoft's
just-launched video game console, the X-Box.

The employees -- nine engineers, a contract worker now employed in
NVIDIA's human resources department, a financial analyst employed
by the Santa Clara, California-based company and four friends and
relatives -- began buying shares on March 6, the SEC charged.

The stock more than doubled in price in the trading that followed,
soaring to $118, the SEC said. Microsoft said in a news release on
March 10 that it had selected NVIDIA to design and manufacture the
graphics for its game console.

NVIDIA shares were trading at $51.70 on Monday on the Nasdaq,
well down from that high but still up more than 220 percent this year.


The SEC is seeking a return of the profits from the alleged insider
trading, as well as civil penalties of up to three times the amount of those
profits.
---------------------

Now, this is just another example of how absolutely clueless the press is about anything and everything. Did this clown not realize that the stock has split TWICE since the so called "insider trading" happened? I mean, it only takes 30 seconds to do a quick look to find out what's what. On March 10th, 2000 the stock actually hit 145 (he mentioned $118 which was only the close). Adjusting for splits, the so called insiders got between 29 and 36. Based on this clown's article, you'd think they had sold the absolute peak in the stock. Unreal how stupid and uninformed the media is.