SI
SI
discoversearch

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 : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Edward Y. Lee who wrote (22942)2/21/1999 2:27:00 AM
From: Paul Reuben  Respond to of 77400
 
Big news, but old news.




To: Edward Y. Lee who wrote (22942)2/21/1999 2:37:00 AM
From: Uncle Frank  Read Replies (1) | Respond to of 77400
 
>>Cisco Systems CEO John Chambers will make about $89 million from the sale of 850,000 shares of stock in the high-flying networking company.

CBS MarketWatch didn't present the whole story, and has turned what may be some good estate planning into a lurid expose. Anyone know how many shares JC owns and how many he has under option?

850,000 shares may be a small part of JC's holding, just as the $550M worth of shares Mr. Softee is selling is mouse nuts compared to his total msft holdings valued at $73B on 2/18.

Don't panic (yet); wait till we get all of the details.

Frank



To: Edward Y. Lee who wrote (22942)2/21/1999 10:55:00 AM
From: Tony Viola  Respond to of 77400
 

>>>That rivals the exalted company of Intel Corp. (INTC) Chairman Andy Grove,
who pocketed $94.6 million in 1996,<<<

That really hurt Intel the company and INTC the stock, didn't it, a six bagger since 1996 at this time.

bigcharts.com

Also, that Chambers sale news is old. Further, these guys have several stock options in the pipeline all the time. They tend to sell older stock to exercise newer options, which would otherwise expire worthless.