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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?

To: Rob Preuss who wrote (688)	5/6/1999 8:11:00 PM
From: Rob Preuss	Respond to of 1762

Insider Jean Francois Grenon filed a Form 144 with the SEC on 20 April 1999 to sell 25,000 shares. He has 90 days to actually do so (and file a Form 4) or he will have to file again. I don't think this is too big a deal because: 1. Its only 25,000 shares. At current prices he'd gross only a bit over $300k (and net even less). 2. Grenon is an "inexperienced" insider. He came to DMIC from Innova. 3. This is Grenon's first shot at cashing in on the sale of Innova to DMIC. Who can blame him for wanting a little dough in his pockets? 4. Grenon still has alot of DMIC shares & options left. 5. Insider selling is generally not as significant as insider buying. 6. I don't see any other insiders unloading their shares. Here's the reference: biz.yahoo.com