The Founder/CEO abruptly quits and then sells a big chunk of his stock in the company. This is not normal. And the Invensense decides not to give any explanation at all as to why the Founder/CEO stepped down. It's obvious Invensense would rather see the stock tank than to provide an explanation. This is not normal. Something fishy is going on and the little fish are the last to find out. The truth must be pretty awful for Invensense not to elaborate.
i think it is along the lines that he wouldn't play ball with apple, i hear they're pretty demanding and as an owner Naz didn't like to get pushed around. i dont think its to fishy because he sold stock, sec would be all over that.
But in the end Naz did get pushed around. He got pushed out the door. I tend to agree with money in the bank in that INVN is hiding something. I sold out half my position in the 11.87's yesterday (cost basis 9.50). I might buy it back if it goes lower (below 10.50), but I'm a little put off with lack of credible information regarding Naz's departure. And if one looks back, there are quite a few exec departures within the last few years. Anyway, still long with half my position.