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 : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Mang Cheng who wrote (10291)	11/14/1997 9:36:00 PM
From: HammerHead	Read Replies (2) \| Respond to of 45548

3Com to unveil fast network switch on Monday biz.yahoo.com

To: Mang Cheng who wrote (10291)	11/14/1997 11:16:00 PM
From: Analog Kid	Read Replies (1) \| Respond to of 45548

All companies are different but basically the company directors have specific windows to buy and sell their companies securities. The reason is simple, to prevent the class action lawsuits so common to this valley. COMS is fairly paranoid about this stuff although I can't recall a suit filed against them. Did you know that within the last year COMS instituted a freeze for ALL employees that prohibits trading for certain time periods? For example begining yesterday through the week of X-mas as an employee you cannot sell your shares or buy or sell options. That's a bit extreme in my opinion but hey , they have their reasons.

To: Mang Cheng who wrote (10291)	11/15/1997 10:27:00 AM
From: Merrill Ericson	Read Replies (1) \| Respond to of 45548

I can explain how the 'window of selling' works at my company for employee stock ownership and icentive stock options. There is a 'blackout period' for employees (which means they cannot trade company stock) that lasts from 1 month before the end of a quarter until 3 days after the actual earnings announcement. Since it usually takes about a month after the quarter ends to make an official announcement about earnings, employees are only allowed to trade company stock about 4 months out of the year. This rule applies to all stock (even stock you want to buy on the open market). Also, if there are any special announcements or circumstances forthcomming, employees are not allowed to trade company stock. In our company, any trading of company stock by employees must be authorized by the CFO, who is privy to all blackout period dates and any special announcements. The CFO will not let an employee trade company stock if the company is in some sort of blackout or special period. Hope that helps.