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.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (76059)	6/7/2002 1:51:07 PM
From: All Mtn Ski	Respond to of 99280

Talk about PIGS: RF Micro executives sold shares last month WASHINGTON, June 7 (Reuters) - Some of the top brass at RF Micro Devices Inc. (NasdaqNM:RFMD - News) sold thousands of their shares in the wireless chip maker last month, according to filings with the Securities and Exchange Commission made public on Friday. RF Micro on Friday cut its earnings and revenue forecasts for the current quarter and the news sent its shares down more than 30 percent to $10.42, below their previous 52-week low, in afternoon Nasdaq trade. According to the SEC filings: -- RF Micro Chairman William Pratt sold 36,000 shares at $17.15 each on May 10; -- Vice President Arthur Geiss exercised an option for 15,700 shares on May 1 at 81 cents each and sold the stock the same day for $17.05 a share; -- Barry Church, RF Micro's controller, sold 6,500 shares at $17.40 to $19.14 a share during the first half of May after acquiring them at $1.97 each through an exercise of options. Officials at the Greensboro, North Carolina-based company did not immediately return calls seeking comment on the sales. Earlier on Friday, RF Micro executives said in a conference call that a customer had pushed back order shipping dates largely because of the timing of new handset models to be introduced. RF Micro would not release details about the customer or the handset models in question. Shares of Nokia (NOK1V.HE) (NYSE:NOK - News) fell more than 7 percent in Helsinki on speculation that Nokia was the F Micro customer involved. Analysts estimate Nokia accounts for half or slightly more of RF Micro's sales. According to the SEC filing, the stock sales left Pratt in direct ownership of more than 1 million RF Micro shares at the end of May. He indirectly held more than 124,000 shares in a trust. Church's SEC filing showed that at the end of May he directly owned 24,550 shares. Geiss' filing said he sold the shares in conjunction with a prearranged trading plan adopted in April 2001. He directly owned 68,362 shares after his stock sale. RF Micro shares were down $4.82, or more than 31 percent, at $10.42 in afternoon trade. The shares' 52-week trading range was $32.53 to $13.40. biz.yahoo.com