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Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: allen r. who wrote (3438)	3/1/1998 11:44:00 AM
From: Lachesis Atropos	Read Replies (1) \| Respond to of 4679

When insiders file a 144, how long do they have the option of selling the stock for? Do they have to sell? Does a 144 expire? There were 22 144 filings since Sept 3, somethings is up?

To: allen r. who wrote (3438)	3/1/1998 5:11:00 PM
From: John R Pierce	Respond to of 4679

Sounds like simple profit taking to me. These guys have to schedule their sales months in advance. Chong Moon Lee hasn't been involved with day-to-day operations since stepping down as president over 2 years ago. Still, I wouldn't mine a piece of that profit :) Lets see, 250k * $14 is, um... $3.5M. I suspect these are probably all pre-IPO shares, basis price effectively $0. (before the corporate reorg prior to going public, Chong Moon owned a flat 90% of the company, and his associate H H Huh owned 10%. There was no debt and no outside investors).