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> Intel was also planning to wait for at least another 6 months before bringing this to light Of course, until the legally agreed date when they can dump share
by close04 7y ago
> Intel was also planning to wait for at least another 6 months before bringing this to light
Of course, until the legally agreed date when they can dump shares so there’s no obvious proof that it’s insider trading. Isn’t that what (then) Intel CEO Brian Krzanich did after Meltdown/Spectre?
- nullwasamistake 7y agoNot sure why down voted, this sounds like the most logical reason
- cududa 7y agoBecause they’d eventually have to disclose when the vulnerability was discovered and that’d be extremely obvious what they’re doing?
- mattnewton 7y agoIs it obvious if they have an existing plan to sell shares and are simply waiting for it to trigger? They can reasonably claim they took this action to protect consumers until they had a better fix
- ct520 7y agoI don’t think he did. He got out and had a prior years notice. Then he made a comment about not losing over 20 percent datacenter to amd. Dude definitely seen what was coming
- close04 7y agoExecutives are allowed to sell at pre-agreed dates. If they do it on those dates then there’s nothing to prove, they just postpone the disclosure under any reason. Doesn’t make it smell less like insider trading, you just can’t prove it.
- cyphar 7y agoIt might be obvious, but that's exactly what Brian Krzanich did in 2017. He didn't get in any actual trouble for it even though the timing smelled blatantly like insider trading.
- deleted 7y ago[deleted]
- wazanator 7y agoSeemed to work out okay for the Equifax executives who sold stock before they publicly disclosed they had been breached.
- lawnchair_larry 7y agoNo. CPU vulns don’t affect Intel’s stock price.
- cyphar 7y agoHistory would appear to prove you wrong[1]. Yes, Intel's stock price rebounded that doesn't change that their stock price changed when the vulnerability became public. [1]: https://qz.com/1171391/the-intel-intc-meltdown-bug-is-hitting-the-companys-stock-big-time-while-rival-amd-is-soaring/ https://qz.com/1171391/the-intel-intc-meltdown-bug-is-hittin...
- neop1x 7y agoYes. Gamers like Intel because it's faster. Benchmarks are clear. :P
- deleted 7y ago[deleted]