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Henri Richard sells AMD shares

post #1 of 38
Thread Starter 
Quote:
An executive vice president of chip maker Advanced Micro Devices Inc., sold 19,597 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Friday, Henri P. Richard reported he sold the shares Friday for $14.32 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Advanced Micro Devices (nyse: AMD - news - people ) is based in Sunnyvale, Calif.

http://www.forbes.com/fdc/welcome_mjx.shtml

http://biz.yahoo.com/ap/070604/advan...ions.html?.v=1
Cray also posts warning due to the delay in AMD quadcore http://biz.yahoo.com/iw/070604/0261144.html
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post #2 of 38
Thread Starter 
Henri is not stupid. Maybe he knows something that we don't.
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post #3 of 38
Not good news.

Someone wants to sell his shares at a premium. Watch AMD really tumble now.

Quote:
Originally Posted by sladesurfer View Post
Henri is not stupid. Maybe he knows something that we don't.
Insider trading/info happens more than you think. There is a reason why he knows and we don't.
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post #4 of 38
i wish my parents bought some before the new chips come out
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post #5 of 38
This doesn't look good...
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post #6 of 38
I think he just watches too much Martha Stewart o_O
    
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post #7 of 38
Quote:
Originally Posted by BLKKROW View Post
i wish my parents bought some before the new chips come out
IMHO It's a bad sign when someone that high up in a company sells his stock. $280629 isn't a lot of money especially for such a big company, but still makes no sense for him to sell it IMHO.
    
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post #8 of 38
Quote:
Originally Posted by ClaytonCallihan View Post
I think he just watches too much Martha Stewart o_O
ROFL!

But seriously this sounds like some serious business....

EDIT: Seriously.
    
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post #9 of 38
Look at what ATI did to poor AMD..
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post #10 of 38
this wont directly affect AMD except for terrible publicity. After the IPO the money is in the hands of investors not the company.
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