PC INSIDERS SELL STOCK - before quarter down-trend disclosed - Article & LINK

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All I can say is that I am not surprised, not one bit.

PC insiders sell stock

Firms says it's normal, but is it a sign of weakness for techs, report asks
March 24, 1999: 9:38 a.m. ET

NEW YORK (CNNfn) - Top officials at Compaq, Apple and Gateway have sold $90 million in stock so far this year, which could point to more weakness ahead in the once red-hot tech sector, a published report said Wednesday.

The sellers at Compaqincluded Senior Vice President and Chief Financial Officer Earl Mason, who sold 265,236 shares Feb. 1 in seven transactions at an average price of about $46.33, according to filings with regulators. That wasn't far from the stock's 52-week high of 51-1/4 for Compaq (CPQ), the world's biggest personal computer maker.

While sales of stock by corporate insiders are not unusual, the sales by Mason and other executives raised eyebrows on Wall Street since they came just before Compaq confirmed that results for the latest quarter were sluggish, the Wall Street Journal reported. "This is the top team at Compaq selling at the highs," the newspaper quoted managing director Donald Young at PaineWebber as saying, referring to sales by Mason and others at Compaq. Young wondered how the officials could have sold before their remarks to officials on Wall Street, the report said.

Compaq told the newspaper that its policy "insures that these sales have been made in compliance with all laws governing stock transactions by insiders." The sales also raise questions about the strength of the PC market, the report said. Tech stocks fell sharply Tuesday on concerns that computer sales are slowing, jitters that also hurt the sector last month.

Other insider sales included stock valued at about $36 million sold by six officials at Gateway (GTW) and $28 million in sales or planned sales at Apple Computer (AAPL). The sellers at direct marketer Gateway included Chairman Theodore Waitt, who sold about 450,000 shares at prices between $67.81 and $75.90, the report said. Gateway, whose shares fell 3-3/4 to 63-13/16 Tuesday, told the newspaper that Waitt routinely sells about 750,000 shares a quarter. Those selling at Apple included Chief Financial Officer Fred Anderson, who unloaded almost 96,000 shares at about $41.75 apiece, and Vice President Nancy Heinen, who sold 62,500 shares at about $41.65, the report said. Apple fell 2-1/16 to 33 Tuesday.

Mr. K
***who is raising both eyebrows****

-- Mr. Kennedy (not@all.surprised), March 24, 1999

Answers

I meant to emphasize this section too:

"This is the top team at Compaq selling at the highs," the newspaper quoted managing director Donald Young at PaineWebber as saying, referring to sales by Mason and others at Compaq. Young wondered how the officials could have sold before their remarks to officials on Wall Street, the report said.

Link to article:
http://cnnfn. com/hotstories/companies/9903/24/pcs

I think you all know as well as I do that these people have 2 edges against the American public. One, they are in the IT business industry. They Know what the upcoming probable scenarios will be, just as we do. Two, they have an unfair finger on the pulse of the stock market, being insiders in the industry. Why, they get to pull out before we do and do all that "profit taking" at the top, KNOWING the bottom is fixing to fall out, for many reasons other than the stocks are over-valued. Just MHO.

Mr. K
***taking his own pulse****

-- Mr. Kennedy (y2kPCfixes@MotivatedSeller.com), March 24, 1999.

Gosh Mr. K.,

Looks like the members of your *EXTENDED FAMILY* are ignoring you.

Could it be that you, *CROSSED OVER THE LINE*?

YOU ARE NO FUCKING BETTER THAN GARY NORTH! ARE YOU TRYING TO START SOMETHING?

-- sick of people like you (sick@to.death), March 24, 1999.


Mr K-

The only reason your little sister isn't answering you is because she is too ignorant to know much about stocks and PC insiders.

That is what big brothers are for :)

Blessings...Mercy...proud to be part of your extended family :)

-- Mercy (prepare@now.com), March 24, 1999.


Sick,

The truth is very hard to accept sometimes isn't it? Let's see, how does that go ... Denial, Anger, Panic ... or is it Anger first?

-- @ (@@@.@), March 24, 1999.


CNN is always a good, trustworthy, unbiased source of news too.

-- Roger (roger@wilco.com), March 24, 1999.


I feel the same way about CNN, Roger, and have from about the same time you did.

-- sparks (wireless@home.com), March 24, 1999.

Golly gee, sick to death, I'll just bet other, more important things are on most of our minds right now (those of us who have one). Heard of a war going on today? Kind of dwarfs our silly fasination with the stock market, doesn't it?

Have a nice night sweetheart.

Mr. K
***enjoys family***

-- Mr. Kennedy (y2kPCfixes@MotivatedSeller.com), March 24, 1999.

"This is the top team at Compaq selling at the highs," the newspaper quoted managing director Donald Young at PaineWebber as saying, referring to sales by Mason and others at Compaq.

Wow, they actually cited the source of that quote. Those reporters actually do their job instead of making up lies like me and Joseph Farah always do.

-- Rush Limbaugh (Theyreportthefacts@CNN.com), March 24, 1999.


Jeepers Mr. K,

What makes you any better than Gary North? Posting this article and your humble opinions.

Can you say *INCITE*

Can you say *TO*

Can you say *RIOT*

-- sick of people like you (sick@to.death), March 24, 1999.


Jeepers Mr. K,

What makes you any better than Gary North? Posting this article and a follow up with your humble opinions?

Can you say *INCITE*

Can you say *TO*

Can you say *RIOT*

-- sick of people like you (sick@to.death), March 24, 1999.



The only opinion I see of K.'s is "***who is raising both eyebrows***". Unless I read this wrong, aside from that, the rest is a quote from a source.

So, according to Sick's logic, quoting news articles is a means of inciting riots.

-- Faze the Nation (dazed@confused.com), March 24, 1999.


Lol, I just started thinking about your line
ARE YOU TRYING TO START SOMETHING? That is laughable. I can't start something like the tech stock holders can. And inciting a riot? The only riot here is you. Congratulations.

I didn't participate in insider trading. Many people of high profile did, and apparently right under the wire of the quarterly findings. I didn't write the article, but CNN did. Being observant, I found it relevant to other posts we have discussed in the past.

I'm glad to hear comments from others on these inter-related topics from good folks (too numerous to mention, there are so many). When I post an article like this with a link, I actually don't expect much if any discussion at all. It is not a question. Just a link to a pertinent article.

Mr. K
***know sic to death will enjoy the thread Talk of WWIII begins; market closes at 9666...synchronicity? http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=000e GF***

-- Mr. Kennedy (here@night.now), March 24, 1999.

I appreciate the post very much Mr. K, and it does confirm that these top executives are doing exactly what I have predicted they would do. They will sell large volumes of their stock based on financial information to which only they are privy, before it is announced to the public and other non-employee stockholders. This is in direct violation of SEC regulations and I would hope, Mr. Sick to Death, that it DOES start something. Something, like a majority of Compaq shareholders becoming enraged and demanding that these bastards be strung up by their balls!

-- @ (@@@.@), March 24, 1999.

Mr. K,

The problem is, is that you didn't just post a link. YOU GAVE YOUR OPINIONS ON IT.

BY POSTING THIS ARTICLE ALONG WITH YOUR HUMBLE OPINIONS, YOU ARE ATTEMPTING TO SPREAD MORE ***FEAR***. Hence, incite to riot.

Your opinions: I think you all know as well as I do that these people have 2 edges against the American public. One, they are in the IT business industry. They Know what the upcoming probable scenarios will be, just as we do. Two, they have an unfair finger on the pulse of the stock market, being insiders in the industry. Why, they get to pull out before we do and do all that "profit taking" at the top, KNOWING the bottom is fixing to fall out, for many reasons other than the stocks are over-valued. Just MHO.

Mr. K ***taking his own pulse****

-- Mr. Kennedy (y2kPCfixes@MotivatedSeller.com), March 24, 1999.

P.S.

you wrote: ***know sic to death will enjoy the thread Talk of WWIII begins; market closes at 9666...synchronicity? http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=000e GF***

-- Mr. Kennedy (here@night.now), March 24, 1999.

Numerology...The study of the *OCCULT* meanings of numbers and of their supposed infulence on human life. Fits right in with all you cultists.

-- sick of people like you (sick@to.death), March 24, 1999.


Last post for you sick

If you would READ....curse back up with your little mouse and look again.

I included the link right above the *snip* you've just sighted. Just look for the sentence that says Link to article: lol.

At the beginning of the pasted article, there is a clue where the article came from, even if I hadn't encluded a link. It's called NEW YORK (CNNfn) If you don't know how to locate CNN, turn your computer off and go watch t.v. It's much less dangerous for you.

And the numerology bit - well you must be right. I don't know anything about cults, but you sure do. Nice work there....

The only one trying to incite here is you, and it's not working. In fact you've bored me.

See you good folks on other good threads!

Mr. K
***[g]***

-- Mr. Kennedy (grinning@your.shortsightedness), March 24, 1999.


-- @, I seem to have shared the same outlook that you have. I particularly enjoyed the mental image of all of them hanging.....

I didn't think it would take too much longer for this trend to start. My Mrs. K, who trades commodities (legal gambling for us NC'ers who don't even have the lottery), has shared her views with me on this. I happened across the article this morning, buried in a sub-category of business.

It's easy to miss amidst all of this war news going on...

Regards, Mr. K

-- Mr. Kennedy (looking@their.actions), March 24, 1999.

Glad you found it Mr. K, as I suspected these types of activity will be happening on a much greater scale soon. I don't play stocks myself but am trying to convince relatives that they had better get out, because when these execs bail out they will do so in a big way, and so fast that most people won't know what the hell is going on. Now I've got supportive information thanks to you. It is unfortunate that most stockholders will probably never get wind of this.

I've been catching crap from some of the right wingers because I like CNN, but they always provide the source of their information, so that it can be checked out. Turns out this article originated from a report by the Wall Street Journal (conservative) :

http://interactive.wsj.com/public/current/articles/SB92223448551407624 7.htm

These people calling CNN a bunch of liberals are full of it, and I could care less, as long as there is support for the information.

Believe me, you are much safer trading commodities than playing the lottery. If I were going to buy any stocks now that might survive Y2K I think I'd have to go for the Defense Industry, considering the way we are going through those cruise missiles right now!

Take care, and thanks again

-- @ (@@@.@), March 24, 1999.


OOPS! Got an extra space caught up in there - try again:

http://interactive.wsj.com/public/current/articles/SB92223448551407624 7.htm

Sick - put this in your pipe and smoke it!

-- @ (@@@.@), March 25, 1999.


Screw it!

link

-- @ (
@@@.@), March 25, 1999.


Wall Street Journal Report


-- @ (
@@@.@), March 25, 1999.

Wall Street Journal Report

-- @ (@@@.@), March 25, 1999.

Thanks for the link --@

I found this statement rather amusing:

In a statement, Steven Jobs, Apple's interim chief executive officer, said stock options are part of senior management's compensation and "it's great" to see them "being rewarded for their hard work by selling some of their stock."

I don't think I've ever seen that type of statement (a "justification statement", if you will) in any previous insider sell report.

The Mrs. K found it interesting too. We have restructured our investments to be minimal as of last year. We'll go back to it in 2000 or 2001, whatever time warrants a less ambiguous market situation. I trust my good wifes judgement in these situations, since she has been successful at managing it for about 15 years now.

Mr. K
***appreciates the link***

-- Mr. Kennedy (dizzy@the.statement), March 25, 1999.

Gates and the other two top holders of Microsoft sold $$$9 BILLION worth last year ending I believe. So $90 million is a bit insignificant yet siginifcant because of WHO sold.

Bill has his money.

-- David (ConnectingDots@Information.Net), March 25, 1999.


Mr.K, Thanks for your input.As with all information posted on any forum common sense must be used.I don't believe people who come to this forum are incapable of weeding out good info from bad.And it doesn't take a brain surgeon to see the possibility of insiders abusing their positions to grab all they can.Unfortunately this is not uncommon in a broad range of business dealings.Decline in moral focus I think.Anyway keep posting.I appreciate your input.

-- traveling stranger (robq@mindspring.com), March 25, 1999.

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