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Steve Jobs sell major share of Apple stock
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(
Last edited by Benton; Mar 22, 2006 at 10:58 PM.
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Probably he'll buy Neverland.
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Originally Posted by Benton
What does this portend? Info from SEC filing. 
Apple death prediction number eleventybillion^2.
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One should never stop striving for clarity of thought and precision of expression.
I would prefer my humanity sullied with the tarnish of science rather than the gloss of religion.
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Posting Junkie
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He's getting ready to drop the 2nd bomb.
First it was "Intel Inside"
coming up, "Windows Vista"
But he'll mention that it's 400% faster than OSX - and everyone will forgive him.
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Originally Posted by The Godfather
Probably he'll buy Neverland.
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Maybe he needs to pay his tax bill.
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Banned
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Look at insiders selling their GOOG stocks...
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Posting Junkie
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Originally Posted by Spliffdaddy
He's getting ready to drop the 2nd bomb.
First it was "Intel Inside"
coming up, "Windows Vista"
But he'll mention that it's 400% faster than OSX - and everyone will forgive him.
If he did that, he'd have a good reason to sell his Apple stock, all right...
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if i remember right, he doesn't earn a wage (or at least $1/yr or something) maybe the wait time was over before he could sell his stocks (usually ten years) and he wanted to cash in while the stock was high. A lot of people in my dad's company did the same thing, sold their stocks as soon as the wait time was up, didn't mean the company was in trouble, they actually reported a very good quarter.
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Are you sure this is for real. Aren't those forms confidential?
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Maybe he's sick again.
I was thinking about that a lot lately.
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Originally Posted by Monique
Are you sure this is for real. Aren't those forms confidential?
Monique: Follow the link I posted above to the SEC site for public/mandatory reporting.
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Moderator Emeritus  Join Date: Dec 2000
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You do know how stock sales work for stock holders who have insider knowledge, right?
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Originally Posted by Monique
Are you sure this is for real. Aren't those forms confidential?
No, insiders have to make public filings such as these.
I doubt a lockout period just ended for half his shares, but who knows. I don't know what his motivation is... Insider selling is trickier to use as an indicator of a stock's performance than insider buying. Maybe he's adding another wing to his house 
[edit]It might be expiration of a lock-out... it looks like he acquired those shares on 3/19/03.
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Last edited by itai195; Mar 23, 2006 at 12:36 PM.
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Originally Posted by Cody Dawg
Maybe he's sick again.
I was thinking about that a lot lately.
I certainly hope that isn't the case. Just a smart business decision on his part.
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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Originally Posted by Cody Dawg
Maybe he's sick again.
I was thinking about that a lot lately.
Cody Dawg: That's what I wonder. If Steve goes down, so do Apple shares. His Disney shares will hold up without him plus they pay an annual dividend. Disney does not require kool-aid.
This topic is not yet being reported in the Mac community or investor sites. I bet if Bill Gates divested such a percent of Microsoft it would grab attention. Right?
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Yeah. He would quietly start selling it all off in bits and pieces.
I hope he's okay.
We all love you, Steve.
 to a great American, Mr. Steve Jobs.
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I doubt he needs $300 million because he's sick, lets be realistic
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Originally Posted by Cody Dawg
Yeah. He would quietly start selling it all off in bits and pieces.
I hope he's okay.
We all love you, Steve.
to a great American, Mr. Steve Jobs.
I feel the same way toward Steve. No one gets out of this world alive. I do agree that there would be a drop in the stock.
I'm optimistic that Steve has plans in place for the company well in to future.
This talk isn't helpful, it only makes me feel more depressed.
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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itai, Why not? It's called "divesting."
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Originally Posted by itai195
I doubt he needs $300 million because he's sick, lets be realistic
itai195: Maybe for estate planning so his family is as secure as he can make them.
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I think it's much more likely that either a lockout expired or he's just selling like all the other insiders are.
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Originally Posted by Cody Dawg
itai, Why not? It's called "divesting."
I think that we should be optimistic. We have the 30th Anniversary of Apple April 1st, The Intel and Tiger are doing very well.
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"Never give in, never give in, never, never, never, never - in nothing, great or small, large or petty - never give in except to convictions of honor and good sense." Winston Churchill
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It is not really a drop when it came from $20.00 some dollars 2 or 3 months ago to the $60.00 now.
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Originally Posted by Monique
It is not really a drop when it came from $20.00 some dollars 2 or 3 months ago to the $60.00 now.
When the stock drops 32 percent from its high of about 3 months ago I consider it a lost opportunity cost. Analysts are forecasting highs of $100 this year. Steve knows the pipeline. He also knows Apple shares will drop like a rock without his kool-aid. Is this his confidence in the long term of the stock price? I don't know.
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Did the research and yes, the 10 mil shares he was granted 3 years ago vested this month so he sold about half.
Heck it was reported on our very own MacNN and we all missed it.
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Someone needs to start a Steve Jobs Death Kneel Counter. Kind of like this one.
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Slick shoes?! Are you crazy?!
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Moderator Emeritus Join Date: Dec 2000
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For all your rumormongers looking for a secret meaning behind the sale: His stock vested, and he sold off enough to pay the tax bill on it.
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Mac Enthusiast
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Originally Posted by Stogieman
Someone needs to start a Steve Jobs Death Kneel Counter. Kind of like this one.
About six of those were by Rob Enderle. I expect John C. Dvorak made a few as well.
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well, the stock price is killing me.. I sold off 100 shares around 80 and now I am wondering if I should have sold more.. below 60.. ugh
anyone else considering sellign soon??
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-=-=-=-=-=-=-=-=-=-=
www.brandthunder.com
15" MBP
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I bought @ $16.5 - quite a bit of it - and I'm not selling.
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Clinically Insane
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I used to own 150 shares at $14 a share before two splits. So that'd be 600 shares now at $60. *sigh*
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"…I contend that we are both atheists. I just believe in one fewer god than
you do. When you understand why you dismiss all the other possible gods,
you will understand why I dismiss yours." - Stephen F. Roberts
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Originally Posted by pjmurphy
well, the stock price is killing me.. I sold off 100 shares around 80 and now I am wondering if I should have sold more.. below 60.. ugh
anyone else considering sellign soon??
Sig police, calling the sig police...
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Addicted to MacNN
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Now that the stock is cheap, wouldn't it be a good time to buy?
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