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.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: tom lenaerts who wrote (35429)	11/13/1997 10:24:00 AM
From: John Solder	Respond to of 58324

RE: Insider selling Insiders must file a letter with the SEC indicating their plan to sell or buy in the future. KEs filing is purely a legal requirement of making public his intended future transaction. I believe he has 45 or 90 days to transact. He could very well plan on selling two weeks from now when the price is $50 <gg>

To: tom lenaerts who wrote (35429)	11/13/1997 10:49:00 AM
From: Zebedee Wright, Jr.	Read Replies (2) \| Respond to of 58324

Tom KE's selling a few shares to cover living expenses happens all the time in corp. America. I myself have stock options at work. I sold some. Do I think the stock is going higher or lower in the future? I don't know, but I needed the cash so I sold a few. If you make $100,000 a year plus a million stock options annually, believe me it probably wouldn't be long before you too would be exercising a few. Kids need braces, wife wants a new car, girlfriend wants some more jewelry, etc. The stock sale is much ado about nothing, but all the rest? Wait until noon and then decide. Personnally, mine aren't for sale, yet! Zebedee

To: tom lenaerts who wrote (35429)	11/13/1997 11:37:00 AM
From: Cogito	Respond to of 58324

>>I understand that KE wants to sell 'some' of his stocks, but hasn't done it so far. Now the Iom marketing machine starts working : lots of announcements that, in the short term, should bring 'our' stocks to higher levels. And KE's stocks too, of course. Somebody, please tell me this is not just another episode of much ado about nothing. I like this company a lot, but I hate the combination of media hype and insider selling.<< Tom - The SEC hates that combination, too. That's why there are so many laws restricting sales by insiders. There is no way KE would be allowed to sell his shares after a split or other significant news had been announced. That's why he sold his shares on Monday, and didn't wait for a higher price. - Allen