3 ms·
Intel CEO sold shares on same day OEMs informed of bugs: report
- nodesocket 9y agoSeeing as their latest earnings were fantastic and $INTC popped 10% in day, I'd say insider selling was a poor choice. I'm always skeptical of articles like this (especially from French sources). Oftentimes they don't do the due-diligence and research and instead prefer to just publish articles that incite outrage and get clicks.
- fermienrico 9y ago1. Whether INTC soared after he sold his stock is irrelevant to the issue of insider trading 2. Agree, the article doesn't seem to dig deeper into the logic behind his sale. Not sure if I see the relation between the date of disclosure to OEM partners and selling the stock on the same day. He had scheduled the stock sale: Initial amount and sale date was pre-defined in Jan 2017, followed by the change in the amount of stocks to sell (but not the date) in Oct 2017. 3. Even if he had scheduled the stock sale on Nov 29 after setting the OEM disclosure date on Nov 29; I am not sure if I see the benefit of selling the stock on the same day. Disclosure to the OEMs was not made publicly. May be perhaps he would have been concerned with a leak plunging the stock?
- __bjoernd 9y agoI'm sceptical about the article, too. They ramble about Intel still selling Meltdown-vulnerable processors. What else would they do - stop selling processors for the next 3 years?