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.

Technology Stocks : Nuance Communications, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (571)	12/12/2007 9:29:45 AM
From: Sr K	Respond to of 834

12/12/2007 - Nuance Communications Inc. (NUAN) plans to offer about 15 million shares in a public offering. The company said it plans to offer 9.6 million common shares, while Warburg Pincus, a selling stockholder, is expected to sell 4.8 million shares and certain members of Nuance management are expected to sell an additional 600,000 shares. The speech and digital imagine software company said it will not receive any proceeds from sales of shares made by selling stockholders.

To: Sam Citron who wrote (571)	12/12/2007 6:20:42 PM
From: SGJ	Read Replies (1) \| Respond to of 834

Insiders/ management are selling 600,000 of their 6 million share position. Since many top execs get options in lieu of salary, consider it a payday for them, not a lack of belief in the firm. After the sale, they still hold quite a cache. Major shareholder, Warburg Pincus is selling 4.8 million shares or 15% of its stake. They will still hold 25.5 million of 193 million total shares outstanding. They say the sale is to recoup thier original investment. They are letting the rest ride, which is quite impressive. See here for reference, last paragraph. forbes.com