To: Cynic 2005 who wrote (51660 ) 3/12/1999 4:36:00 PM From: RealMuLan Respond to of 132070
Mike: good job. But the table you provide only includes about 1.6 million shares sold in Feb. The following news has more updated info. Nearly 6 million shares sold just in Feb. -------------------------------- Dell Executives Sold Nearly 6 Million Shares Last Month Thursday March 11 2:42 AM ET WASHINGTON (Reuters) - Dell Computer Corp. (Nasdaq:DELL - news) founder Michael Dell and four other executives sold nearly 6 million common shares of the giant personal computer company last month, shares they already announced they planned to sell, a regulatory document filed Wednesday said. Dell, the chairman and chief executive, sold 2.5 million common shares on Feb. 19 for $81.5956 each, 1.5 million shares on Feb. 22 for $80.7027 and 563,000 shares on Feb. 24 for $86.5484, according to his Securities and Exchange Commission document. When Dell announced his earlier plans to sell the stock, a company spokesman, T.R. Reid, characterized the disposition as a routine, ''ongoing pattern of diversification'' for the chief executive. Dell's stake in the company remains at about 16 percent, Reid said at the time. Other Dell executives who sold shares last month included Chief Information Officer Jerome Gregoire, who unloaded 100,034 shares on Feb. 23 for around $9 million. Vice Chairman Kevin Rollins shed 200,000 shares on Feb. 22 for about $17 million and Vice Chairman Morton Topfer sold 500,000 shares on Feb. 23 for approximately $43 million, SEC filings showed. And Senior Vice President Carl Everett disposed of 380,000 shares on Feb. 19 for over $30 million. One analyst, Anthony Marchese, manager of the Laidlaw Insiders Trend Fund L.P., saw the selling as routine. ''If you look at their insider trading history, you'd be hard pressed to find a month without some Dell insider selling shares,'' Marchese said. ''Last August, Dell sold something like two million shares when the stock, on a split-adjusted level, was between $20-$30. So if you shorted the stock based on that, you would have missed a big run,'' Marchese noted. Dell's stock was trading at $43.625, down slightly, on Nasdaq. dailynews.yahoo.com