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echo: linuxhelp
to: Jeff Shultz
from: Adam Flinton
date: 2003-07-29 19:36:16
subject: Re: 1 4 Joe re SCO

From: Adam Flinton 

Jeff Shultz wrote:

> Yet another notch on my "Stock should not be allowed for purchasing other
> businesses" stick.
>

This other link Joe provided is even more fishy:

http://zdnet.com.com/2100-1104_2-5057033.html

"Since SCO launched its legal action against IBM, claiming that Big
Blue had violated trade secret laws by sharing proprietary code with open
source projects, its share price has sky-rocketed.

The price rise has been enough to convince senior executives to dump their
personal shares in the company during the last two months. SCO's chief
financial officer, Robert Bench, has sold 14,000 shares in the company
since June.

Bench isn't alone. The company's vice president of worldwide marketing,
Jeff Hunsaker, has sold nearly $230,000 of his stock, reducing the number
of shares he holds by 42 percent from 35,494 to 20,494 since early June.

Although the reduction may seem severe, Hunsaker, and several others, still
have plenty of stock options left; thanks to the grants they received three
weeks after the legal action against IBM began. Hunsaker was handed 100,000
options to buy the company's stock for $2.07. SCO shares are currently
trading at $13.07. "


3 weeks after the action began.....was this agreed to before the action
began & if so was the vesting of the stock in some way a trigger for
the action? This is getting beyond fishy.  Is that a pile of
sardines rotting/drying under the hot 3'rd world sun? 

Does everyone in SCO get these shares or just the senior execs? This has
all the feeling of an exec get rich quick scheme leaving the PBS (Poor
Bloody Shareholders ) holding the can when the price subsequently
deflates.

Given how many of the statements SCO has made up to now are demonstrably
false (& I would bet knowingly so) e.g. Re "Unix" (which SCO
doesn't own see: http://lwn.net/Articles/33409/ ) & given how these
statements have driven the share price....

The CFO & the head of marketing all shedding stock.....is it illegal to
boost the stock price such that execs of the comp who own shares can
benefit?  Isn't that incredibly close to insider trading?

I have to say....who do you trust wrt the soundness of their case....the
"analysts" or the CFO & head of Marketing of SCO? If they
really though 1 billion+ USD was going to come rolling in then one would
have thought you'd have to be prizing these shares out of their fingers
with dynamite.

Adam

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