3 ms·

Can you provide any citations to support your assertion that there was no insider knowledge? Such as all this apparent public information regarding this program

Can you provide any citations to support your assertion that there was no insider knowledge? Such as all this apparent public information regarding this program?

tzs 5y ago
That Microsoft won the 2018 contract to build prototypes of IVAS was mentioned in most stories about the new contract for the production systems. Here's one [1]. That Microsoft won a big contract to provide the military with cloud services in 2019 is also mentioned in that same story, and was all over the news at the time, as was Amazon's suing to try to overturn that contract. It was publicly known that the prototypes were delivered and underwent extensive testing in 2019, and officials said they were anticipating the final product being fields in the fourth quarter of FY21 [2]. They were still undergoing testing in the second half of 2020 [3]. Another thing to note is that the article makes much of Microsoft stock going up 11% from the time the time the stocks were bought to some unspecified time after the contract was announced. But if you look at other tech stocks, such as Google, Apple, and Facebook, they all follow about the same patter as Microsoft: from March 19 (when the Pelosis exercised their options) to March 31 (when the contract was announced) they were roughly flat, and then within a few days of the contract being announced were up ~10%. This suggests that the stock movements after the time the options were exercised were because of general movements in tech stocks and had nothing to do with the contract. [1] https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-make-modified-hololens-for-us-army.html https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-m... [2] https://www.army.mil/article/230034/soldiers_test_new_ivas_technology_capabilities_with_hand_on_exercises https://www.army.mil/article/230034/soldiers_test_new_ivas_t... [3] https://breakingdefense.com/2020/10/from-frankengoggle-to-battle-ready-army-ivas/ https://breakingdefense.com/2020/10/from-frankengoggle-to-ba...

Can you provide any citations to support your assertion that there was no insider knowledge? Such as all this apparent public information regarding this program?

tzs 5y ago

That Microsoft won the 2018 contract to build prototypes of IVAS was mentioned in most stories about the new contract for the production systems. Here's one [1]. That Microsoft won a big contract to provide the military with cloud services in 2019 is also mentioned in that same story, and was all over the news at the time, as was Amazon's suing to try to overturn that contract. It was publicly known that the prototypes were delivered and underwent extensive testing in 2019, and officials said they were anticipating the final product being fields in the fourth quarter of FY21 [2]. They were still undergoing testing in the second half of 2020 [3]. Another thing to note is that the article makes much of Microsoft stock going up 11% from the time the time the stocks were bought to some unspecified time after the contract was announced. But if you look at other tech stocks, such as Google, Apple, and Facebook, they all follow about the same patter as Microsoft: from March 19 (when the Pelosis exercised their options) to March 31 (when the contract was announced) they were roughly flat, and then within a few days of the contract being announced were up ~10%. This suggests that the stock movements after the time the options were exercised were because of general movements in tech stocks and had nothing to do with the contract. [1] https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-make-modified-hololens-for-us-army.html https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-m... [2] https://www.army.mil/article/230034/soldiers_test_new_ivas_technology_capabilities_with_hand_on_exercises https://www.army.mil/article/230034/soldiers_test_new_ivas_t... [3] https://breakingdefense.com/2020/10/from-frankengoggle-to-battle-ready-army-ivas/ https://breakingdefense.com/2020/10/from-frankengoggle-to-ba...