[ale] SCO Execs dumping stock

[kaboom at gatech.edu (Chris Ricker)]

On Wed, 13 Aug 2003, Geoffrey wrote:

> I don't know if everyone caught this one, but:
> 
> "According to the Salt Lake Tribune, 'SCO Group executives have sold 
> about 119,000 shares of their company since it filed a lawsuit against 
> IBM in March...' Their CFO started the $1.2 million sell-off just after 
> the lawsuit."
> 
> http://www.sltrib.com/2003/Aug/08122003/business/83193.asp
> 
> So let the indictments begin...

Not necessarily. Some of the other Linux users in Salt Lake have been
investigating this a bit more, and it appears most of the sales were
automatic, scheduled sales. The SEC pays less attention to such trades, and
it also makes it a bit harder to prove dumping....

later,
chris
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