3Com Insiders Dig In and Buy In
3COM HAS TO STAND ALONE AFTER ITS PRIVATE-EQUITY buyout was shuttered over regulatory concerns, but insiders at the networking-equipment company have banded together, buying more than $2 million in the battered stock since March 27.
On March 27 Chairman Eric Benhamou purchased 500,000 shares for $1.1 million, an average of $2.25 a share. The purchase was his first in more than five years, according to InsiderScore.com. He now owns 1.2 million shares of Marlborough, Mass.-based 3Com.
Benhamou co-founded Bridge Communications, which merged with 3Com in 1987 and was the company's chief executive officer from 1990 to ...
All posts are only my opinion and are not buy or sell recommendations.
