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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old Nov 26, 2002, 06:38 PM   #1
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AMD chairman bought 300,000 shares

WASHINGTON (REUTERS) - Advanced Micro Devices Inc. Chairman Jerry Sanders bought 300,000 shares of stock in the microchip maker last Friday, according to a U.S. regulatory filing.

Sanders made an open market purchase at $6.89 per share, lifting the amount of stock he directly owns in the Sunnyvale, California-based company to 526,912 shares, a Securities and Exchange Commission filing on Monday showed.

AMD shares closed at $8 Monday on the New York Stock Exchange.
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Old Nov 26, 2002, 06:42 PM   #2
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Re: AMD chairman bought 300,000 shares

Quote:
Originally posted by Zardon
WASHINGTON (REUTERS) - Advanced Micro Devices Inc. Chairman Jerry Sanders bought 300,000 shares of stock in the microchip maker last Friday, according to a U.S. regulatory filing.

Sanders made an open market purchase at $6.89 per share, lifting the amount of stock he directly owns in the Sunnyvale, California-based company to 526,912 shares, a Securities and Exchange Commission filing on Monday showed.

AMD shares closed at $8 Monday on the New York Stock Exchange.

Hmmm.....does he know something we don't?
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Old Nov 26, 2002, 10:46 PM   #3
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Now, now -- don't go accusing JSIII of impropriety. He probably just saw the trend, and is excited by the prospect of Hammer's upcoming release.
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Old Nov 29, 2002, 05:23 AM   #4
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He's got the money, why not?
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Old Nov 29, 2002, 05:37 AM   #5
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smells fishy to me... Martha Stewart anyone?
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Old Nov 29, 2002, 05:39 AM   #6
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Well he's not that dumb. If he sold all of the 300,000 shares on monday he would have earned $333,000 now think about that!
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