As of June 30, when the closing pps was 2.90, the 13F lists two positions in RFMD ... I think. I don't know, because I'm not sure how to read the form.
Here's what it says:
class: SB NT CV 1.5%10 -- fair market value: $128,165,000 -- principal amount: $140,647,000
class: SUB NT CV0.75%12 -- fair market value: $52,790,000 -- principal amount: $70,865,000
Based on the ratio of the value to the principal, at a pps of 2.90: 1) the first entry seems to indicate he bought 44.2 million shares at 3.18 a share 2) the second entry seems to indicate he bought 18.2 million shares at 3.89 a share
The second entry would thus be the shares disclosed in late February plus 2.4 million more shares; I don't know if the first entry includes the second entry or is a new position, but if it is a new position, then he has increased his holdings to owning 62.4 million shares (more than 20% of the company).
Again, I admit my ignorance here, and would appreciate an educated interpretation.
It's not a "damn" if he sold on 5/15/2008. It has been a long time since then and the stock held up nicely. He just worked his plan and took his profit. His plan doesn't involve knowing the future, it's just a plan that worked for him. Don't assume that everyone trades the way you do. There are thousands of ways to look at anything.