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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (113332)2/14/2002 6:58:34 PM
From: Neeka  Read Replies (2) | Respond to of 152472
 
An interesting post from another board worth taking a look at.

M

I took the trouble to check the Form 4 (insider trades) record for Mr. Savage for both QCOM and Enron.
Here is the link:
Real-Time Institutional Holdings/Insider Ownership
This may get you to Frank Savage's holdings for QCOM, Enron, and in addition he is on the Boards at Lockheed Martin, Alliance Capital Management, and Lyondall Chemical. If it doesn't, just type in *Savage Frank*, check Form 4 and it should take you to all Savage's transactions.
For anyone who desires to access data on insider transactions, I've found the best source is on the www.nasdaq.com site. Then click on *infoquotes*, then the *Holdings/insider* tab.
Savage's only trades on Enron was to buy 250 shares in 1999 @ $ 40.25, while he has made 4 sales of QCOM shares from 1999 through 2001 for around a total of 170,000 shares.
Unfortunately, if only the media or short sellers would take the trouble to examine the details of Savage's connection with Enron, it seems pretty clear Savage gained nothing from any insider trades while a board member. Not saying that it doesn't help to have Savage on the QCOM Board, but seems like another *non story* except for the talking heads on CNBC.
Looks like another buying opportunity will result.