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Cypress Semiconductor Corporation Message Board

  • al_berliner65 al_berliner65 Oct 27, 2007 8:17 AM Flag

    Any comments on TJR selling $51.3 million worth of CY stock?

    News found on my Scottrade account:

    Cypress Semi CEO Sells $51.3M Worth Of Company Stock >CY
    Thursday 10/25/2007 11:38 AM ET - Dow Jones News
    Cypress Semiconductor Corp. (CY) President and Chief Executive Thurman J. Rodgers sold according to a regulatory filing Wednesday.
    This is the largest stock sale by a company insider based on the dollar amount of the transaction, according to data provider Washington Service.
    In a filing with the Securities and Exchange Commission Wednesday, Rodgers reported selling about 1.53 million shares from Monday to Tuesday for an average price of $33.58 a share. He reported direct ownership over 470,025 Cypress shares after the transactions.
    Company shares traded Thursday morning at $34.70, down $1.16.

    Any comments or rumors on TJ retirement , selling of Cypress or... bad news?

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