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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (2136)	4/7/1999 12:28:00 PM
From: Boots	Read Replies (1) \| Respond to of 2574

Back in Nov 1997 (I believe) Machala set off a panic when he sold off about 90% of his holding, with everyone screaming about insider trading, and one Analyst changing recommendation to strong sell solely on the basis of Machala's sales. I heard a lot of "you'll see, just wait..." about what Ed knew that we didn't. Ok, so an officer selling off 90% of his holdings can be rather disconcerting, but I'm still waiting to see what Ed knew that the rest of us didn't. More than a few times since then I've read postings like yours that comment about the large amount of insider trading that is going on. Frankly, I think I need some education on this issue. I look at the numbers, numbers readily available over the Internet (no company secrets here) and can't see anything remotely sinister looking to me. Can you (or anyone else) please explain to me how an interpretation of insider trading can be made based on the available information? I'd really like to know so I can recognize it when looking at info for other companies. I'd also really like you (or anyone else) to identify some other billion-a-year companies that have less inside selling. Sales Current Holdings Person (Since 2/98) (from Pre 14A) ------ ------------ ---------------- R. Dowdell 290,000 9,406,299 N. Rasmussen 145,000 5,082,358 E. Landsman 150,000 1,389,567 E. Lyon 41,400 613,890 E. Machala 0 69,406 A. Davis 53,800 (unknown) D. Vieau 0 65,065 D. Muir 0 38,615 _______ _________ Totals: 680,200 16,665,200 Also, back in May of 1998, P. Johnson planned to sell 10,000 shares of an unknown total (with no record of the sale that I can find), and J. Johnson planned to sell 10,000 shares of an unknown total back in June (no sales record found). Yes, there is no record of any of them purchasing any stock, just as there is no record of any of them exercising any of the thousands upon hundreds of thousands of options they collectively own. Frankly, if I owned as many shares of APC as these guys do, I'd hardly be looking for buy opportunities.

To: Grommit who wrote (2136)	4/7/1999 8:54:00 PM
From: Lionel Parker Perkins III	Respond to of 2574

Some of the inside sales you have seen are by people that own a lot of shares. If you own 9 million shares and you sell 200,000 to diversify a little. That doesn't bother me and thats what people in this company have been doing. Now if they owned 9 million shares and sold 5 million. Then be worried. One more thing, with Y2K coming. I think lots of people will be buying APCC products just in case there are power problems at the end of the year. Just my opinion!!!