Big Techies Sell Shares For Big Bucks
Technology’s big boys are taking the current wave of optimism in Silicon Valley and stock markets, and selling some of their holdings, perhaps in preparation for some serious shopping this season. Thomson Financial sent us their Insider report for the month of November, and pointed out that “Technology saw a doubling of sales from last month.”
They also pointed out that “given the market performance this year, coupled with November having the largest sales value for 2006, we do not expect the trend to change as the markets move to lighter trading for the holidays.” So who is selling for say buying a new jet, changing the world, or simply taking money off the table? Find out after the jump.
Hey Om – how many of these are scheduled sales vs. the new Gulfstream came out and I want one?
Brian
Wow… about $850 million in stock sales from these 7 alone… in 1 single month
I am not surprised. California was running a sever budget deficit a couple of years ago. Last year it swung into a massive surplus. It turns there was a substantial capital gains tax windfall.
jingle bells or warning bells?
ho ho ho.
Gates and Ellisons are scheduled for sure. They have to do this for their estate/trust reasons-
OK..how much was your payday Mr. Om?