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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Johnathan C. Doe who wrote (2717)6/16/1998 5:02:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 5944
 
Per Yahoo Mkt Guide insider trading--Saviers acquired 60,000 but this was via exercise of $7ish option. No record of him immediately reselling--but why would he otherwise exercise to buy (unless the option was due to expire in a few days--unlikely). Insiders usually exercise options in order to sell in open mkt. The gist of the SJM interview was that he bought in the open mkt but this was apparently not the case. What gives???


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