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Post# of 432707
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ziploc_1

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ziploc_1

Re: None

Tuesday, 06/10/2003 5:43:24 PM

Tuesday, June 10, 2003 5:43:24 PM

Post# of 432707
Question whether IDCC managers trade on inside information:
Assume that Lemmo and Goldberg knew that HC was selling 80,000 shares on 6/4 and 6/5. They could then reasonably conclude that this would depress the price of the stock after the release of the F4, which would come after the close of the market on 6/6. Then they themselves sell on Friday ahead of the announcement disclosing the HC sale. Would this not be trading on information known to them but not to the public? Of course there is no proof that they knew but one wonders.

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