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

To: Elmo Gregory who wrote (22520)	6/7/1998 5:56:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

Elmo, Tough question. There is unlikely to be anything but individual standards as to what would be significant. Often new hires, or directors will buy 1000 shares of their stock. Obviously a token purchase, and I completely disregard. What would be significant for Schmidt? Personally I think 10,000 shares from his own money would satisfy me. No company loan BS, or anything like that. That would be a minimum. More, would of course, be better. It would be an even bigger deal if others started buying at the same time. No signs of that yet. It still concerns me that there is that lack of confidence within, that a turnaround is occuring. As far as the SEC goes, they're pretty much a non-factor in legal insider buying and selling. Late reporting seldom is pursued, and I'm sure that every day someone is selling shares that they never report. A purchase by Schmidt wouldn't get their attention under any circumstances unless it was fraudulent. A company PR that accompanied a smallish purchase, without other insiders acting in concert, would make me suspicious too. I'm really starting to think it won't happen. He lost that positive PR battle when he didn't do it right away. The "self confidence" issue. Dwight