SI
SI
discoversearch

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 : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (15810)12/9/2002 12:12:14 PM
From: Techplayer  Read Replies (1) | Respond to of 57110
 
Jorj, What is your take on the MLNM news today? Is this a good buying opportunity in your opinion?

Thanks,

Brian

(my ATVI is getting whacked today as well).



To: Jorj X Mckie who wrote (15810)12/9/2002 12:55:57 PM
From: quote 007  Respond to of 57110
 
looks like your in "bad" company with your swing trading <VBG>
+DJ Tyco Sues Ex-CEO, Ex-CFO For Over $40M Trading Profits

12/09/2002
Dow Jones News Services
(Copyright © 2002 Dow Jones & Company, Inc.)


(MORE) Dow Jones Newswires

12-09-02 1225ET

=DJ Tyco/Ex-CEO, Ex-CFO -2: Alleges 'Short-Swing' Trades


By Colleen DeBaise
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Tyco International Ltd. (TYC) filed a lawsuit accusing its indicted former executives of reaping more than $40 million in improper "short-swing" trading profits.

The suit, filed late Friday in Manhattan federal court, accuses Tyco's former chief executive, L. Dennis Kozlowski, and its former financial chief, Mark H. Swartz, of violating a federal law designed to prevent company insiders from buying or selling stock within a six-month period.

Tyco claims the former executives each engaged in more than 30 stock transactions that violated the rule, which is aimed at curbing speculative abuse of inside information.

Kozlowski and Swartz were indicted in September on charges they stole $170 million from Tyco in unauthorized compensation and obtained $430 million from fraudulent stock sales. They have pleaded not guilty.


(MORE) Dow Jones Newswires

12-09-02 1254ET