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To: appro who wrote (2762)	3/9/1998 11:42:00 PM
From: LK2	Read Replies (1) \| Respond to of 9256

>>Quantum insiders sold something like 500,000 shares plus in most recent quarter<< >Now that makes me think QNTM management is pretty savvy.< Insider activity is a very poor indicator of stock price movement, in spite of what people like Bob Gabele write (Gabele is selling his insider tracking service, remember). A few years ago, when SEG was 17 (not adjusted for at least one split since that time), insiders sold millions of shares around 17. COMS went from around 5 or 6 to 320 (not adjusted for 2 splits) with massive insider sales all the way up, starting at 15 (There were a total of about 7000 shares bought around $6 by two insiders, the new president [Benhamou?], and a director. That's 7000 for the two insiders, not 7000 each insider.) There might be a few insiders that are good market timers, but they aren't that common. I'm not talking special situations like a merger or whatever. Larry

To: appro who wrote (2762)	3/15/1998 12:26:00 PM
From: Alan Hume	Read Replies (1) \| Respond to of 9256

Hi Appro "Quantum insiders sold something like 500,000 shares plus in most recent quarter; Now that makes me think QNTM management is pretty savvy." Not sure I go along with that statement: In the post that started this topic on March 9th, it said that "(Quantum) insiders were selling more shares than a year ago". Well any "insider" who sold QNTM a year ago could hardly have been acting on insider information. History has proved their actions not to have been very "savvy". I think that the heart of the matter is that corporate officials are bound to strict rules regarding when they may sell their options. Bearing in mind that these options were probably acquired at overly favorable prices, I doubt if they care too much about the actual price when their selling window is open. Changing the subject, my time piece tells me that it is March 15th, and that this qtr. is rapidly drawing to a close. I believe it is now too late to expect any earnings warnings, so may be we may look forward to some smoother water. Regards Alan