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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Don Earl who wrote (18784)11/28/1997 7:08:00 PM
From: Scott C. Lemon  Read Replies (1) | Respond to of 42771
 
Hello Don,

> Following the discussion on insider activity, I'm not sure if Scott
> understood the difference between Presidents, Vice Presidents,
> Directors, Financial Officers, etc. that are in a position to have
> very confidential information that would be a clear trading
> advantage over the average employee.

Oh yes ... I fully understand the difference in responsibility and requirements. ;-)

> To my knowledge employees don't have to file and their trades are
> not reported. Yes?

The only reporting that I believe that the average employee has to do is if they do a same-day-sale, or if the sell options that have been exercised ... and both of these only if it has been sold in less than a year from purchase (I think...) because of long-term/short-term gains issues.

> IMO this quarter was a book keeping surprise not an earnings
> surprise. I suspect the Chief Financial Officer felt the same way
> when he sold 10K shares at the end of October rather than waiting
> three weeks for the numbers to be released.

Are you referring to NOVL's CFO? Where did you find this? I looked all over insidetrader.com and only found the monthly sell of 1000 shares by (just guessing ...) Bradford?

Where did the 10,000 shares get reported?

> Regards,
>
> Don

Scott C. Lemon



To: Don Earl who wrote (18784)11/30/1997 5:28:00 AM
From: dwight vickers  Respond to of 42771
 
Don,

Agreed on all counts.

Employees are not considered insiders. If they have sensitive information they could run afoul of the Feds (hah) regarding insider trading, however.

Dwight