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 : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (24946)	11/29/1997 12:23:00 PM
From: Larry Myers	Read Replies (3) \| Respond to of 61433

>>(2) It is easier to justify a sale in the face of an impending takeover at a price $23 above the going price than it is a "buy." Unlikely the SEC would object to a sale of a few shares. (3) There may have been extenuating personal circumstances-- like an illness in his family -- that caused all concerned to allow Hendren's sale to happen. Gary Korn<< If I were an insider and I knew my company was going to be taken over and I wanted to sell some of my stock I would instead do this: Use my stock as collateral and borrow the money. This way I would still be able to sell the stock at the takeover price and then pay off the loan. The interest on the loan would be nothing compared to my gain on the sale of the stock. Takeover...? what takeover? There is just too much competition in networking now to justify a takeover at the price needed to make it happen. At $40 a share the cost would be $8 billion. Who's willing to pay that. Sure hope I am wrong. LJM

To: Gary Korn who wrote (24946)	11/29/1997 6:18:00 PM
From: blankmind	Respond to of 61433

gary i am adding #4 to the list of why the insider may sell, if you permit. (4) the insider may not be privy to a deal, and thus can sell. depending on who is negotiating and the current state of the talks. not everyone is told every preliminary or current possible deal.