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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (119461)	4/20/1999 10:26:00 PM
From: BGR	Read Replies (1) \| Respond to of 176387

Tommaso, Huge is a relative term. What percentage of his total holdings did MSD sell? I suspect that it is not even in double digits. Next, if someone shorted CSCO or MSFT when the founders sold huge percentages years back, what would their portfolio look like today? Finally, there has been enough studies done showing that insiders on the average are only slightly better than outsiders in predicting equity price fluctuations. So, I follow the business, diversify and avoid trading. -BGR.

To: Tommaso who wrote (119461)	4/21/1999 1:07:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Tommaso, here is the history that Yahoo! has: biz.yahoo.com It certainly calls into question the following statement: Such huge insider selling, especially by a person in a position to guess the future prospects of the company, may be ominous for the price of a stock. If the CEO is an intelligent person and a good manager, the CEO is selling the stock because it is her or his judgment that it is not likely to go much higher--and indeed that it may decline. Such selling may also indicate MD's desire to diversify holdings, make charitable donations, invest in startups, and build luxurious houses. This kind of selling has been going on forever with Dell, and has not signified anything in the past. TTFN, CTC

To: Tommaso who wrote (119461)	4/21/1999 10:40:00 AM
From: Marq Spencer	Respond to of 176387

Tommaso, When someone like Michael Dell, has a very large position in a public company (180+ MM shares, since the latest split), one has to be very careful about selling them. They cannot make their selling decisions based on price. To avoid the accusations of selling at the most opportune time, and the appearance of insider-knowledge based transactions, these shareholders set up pre-defined selling plans through their investment managers/brokers. Michael Dell might have a plan that says that he will sell x% of his shares every 6 months. Also, these transactions can only be done during limited periods, usually not towards the end of a quarter through the earnings announcements. So, Dell might have decided last year to sell 1.2 MM shares in Feb. 98 (which he did) and 2MM in Oct 98 and 2 MM shares in March of this year. Since Dell stock split in March of 98, 2MM became 4 MM and it split again in March of this year before he sold, it became 8MM shares. I think that if an insider like Michael Dell sells regularly, at a predetermined pace, and sells less than 10% each year, one shouldn't be too worried. - Marq.