:Bloomberg/The Salt Lake Tribune: SCO Execs Unloading Shares
Bloomberg/The Salt Lake Tribune: SCO Execs Unloading Shares Aug 12, 2003, 16 :00 UTC (17 Talkback[s]) (12076 reads) (Other stories by Jonathan Berr)
"SCO Group executives have sold about 119,000 shares of their company since it filed a lawsuit against IBM in March and the stock price increased more than fourfold...
"Chief Financial Officer Robert Bench began the $1.2 million in executive share sales four days after Lindon -based SCO filed its lawsuit against Armonk, N.Y.-based IBM on March 6. Before Bench's sale, SCO insiders had not sold shares in more than a year, according to the Washington Service, a firm that tracks insider transactions.
"'Insider sales picking up is a negative sign,' said Richard Campagna, who helps manage $750 million as director of research for Cleveland-based Shaker Investments. Shaker, which owns no shares of SCO, has stakes in computer-related companies including Flextronics International..."
