Insiders at Apple and Microsoft trim holdings after run-up
Article Abstract:
The recent successes of both Apple Computer and Microsoft Corp sent their stock prices up higher than expected. Apple's stock rose 49 percent and Microsoft's 53 percent since Oct 1, 1990. Stock market analysts expressed concern, however, at the announcement that prominent insiders at the two companies filed with the Securities and Exchange Commission to sell large amounts of personal stock. Some analysts viewed this as an indication that the stock price may be reaching its peak. Four executives and officers at Apple revealed plans to sell 252,000 shares valued at $15.1 million. At Microsoft four insiders sold a total of 453,900 shares worth $46.9 million in the Jan 1991. Although most of those involved retained substantial holdings in the two companies, analysts are still concerned about the reasons for the sale.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Compaq's chief, certain executives sell some shares
Article Abstract:
Compaq Computer Corp's CEO Rod Canion sells about 82 percent of his shares in the company for $9.8 million. Canion says he sold the shares in the computer maker for personal financial reasons. He sold 140,000 shares in the open market for between $69.63 and $70.75 per share. Canion still holds 31,600 shares in his portfolio and has the option to purchase 750,000 more shares of Compaq stock. Several other Compaq executives have sold stock with a total value of about $7.6 million. Industry observers say the stock sales result from the surge in the company's stock during the better-than-expected 4th qtr of 1990 and the beginning of 1991. Compaq stock closed at $64.125 a share on Mar 15, 1991, down 75 cents for the day.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Computer whizzes sign off on shares
Article Abstract:
Computer industry executives are selling stock in their own companies. Hardware and software companies' executives, directors and other corporate insiders are selling shares, according to Robert Gabele, president of Invest/Net, a company that keeps track of reports insiders are required to file with the Securities and Exchange Commission. Many investors see such activities as clues to good or bad investments, considering that no one is in a better position to judge a company than a corporate insider. However, at three out of four computer companies where officials have sold recently, share prices have risen.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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