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SCO Execs Dumping Stock

Posted by michael on from the pump-and-dump dept.

luigi6699 writes "According to the Salt Lake Tribune, 'SCO Group executives have sold about 119,000 shares of their company since it filed a lawsuit against IBM in March...' Their CFO started the $1.2 million sell-off just after the lawsuit."

5 of 691 comments (clear)

  1. Obligatory Sillyness by Talia+Starhawke · · Score: 0, Offtopic

    I wonder if Martha Stewart will give them advice about insider trading...

    --
    +5, Female ;)
  2. Somebody's going to JAIL! NA NA, NA NA NA!... by alchemist68 · · Score: 0, Offtopic

    Don't you just love insider trading? I hope these guys get the full-blown federal ass-pounding prison experience. Now, if this could only happen to Billy Boy and his Borg Goons.

    They could participate in the "Prison Life" magazine with an editorial written by Martha Stewart with titles such as "Creative Methods for Retrieving Objects from Outside Your Prison Cell", or "How to Shmooze the Parole Board into Letting You Out Earlier Than You Deserve", "Tricks for Getting the Warden to Grant You Special Priviledges", "Lies, Lies, and More Lies for Your Continued Tardiness with Your Parole Officer". Oh my! The titles could go on! But not to worry, there's plenty of TIME for those future articles!

  3. Re:Boies great successes!! by Wumpus · · Score: 0, Offtopic

    Hey, this is David Boies you're talking about! He represented President Gore, saved Napster, brought Microsoft to heel and mediated the peace accord between the Klingon Empire and the Federation of Planets. All true! He's a master sushi chef and has a black belt in Feng Shui; in 1995, he played a violin concerto in New York, broke a string, yet he kept on playing the concert to a standing ovation. He discovered gravity, found it lacking, and fixed it. Mr. Boies is a terrific ballroom dancer, and an outstanding ice sculptor - the finest in Arizona.

    You'd be foolish to underestimate the accomplished and feared David Boies.

  4. Re:http://www.dead-baby-joke.com/ by ajs · · Score: 0, Offtopic

    Hmm, that would be good. A whole new set of negative mods: "Evil", "Unenlightened", "Blasphemy", "Offensive", "Obscene", "VMS-related".

    Could be a big hit ;-)

  5. Re:SCO hasn't hidden anything by scoove · · Score: 0, Offtopic

    Should be an interesting case - presumably the sell order was placed long ago to trigger on the price, so there's an avoidance of insider issues / prior knowledge. However, the bump the stock got on the announcement of the lawsuit was pretty predictable.

    It'll be interesting to see how the SEC fields this one - if they want round two of pump & dump, it'll happen if they call this one fair.

    *scoove*