AMD Director Unloads Thousands of Company Shares
AMD Director Unloads Thousands of Company Shares
Posted 01/13/2012 at 11:23am
| by Paul Lilly
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Some in the blogosphere have taken notice that AMD director Claflin Bruce L. sold off 3,447 shares of Advanced Micro Devices, as reported in an SEC filing on Friday. Claflin, who served as 3Com's CEO prior to joining in August 2003, was listed as the Sunnyvale chip maker's "Director" within the filing rather than his full title of Executive Chairman of the Board.
Claflin's financial dealing was first reported by MMD Newswire and picked up by Fudzilla, both of which note this is the first time he has sold stock in the past year. He hasn't purchased any, either. However, insider trading at AMD is far from new.
MMD Newswire notes that 455,031 shares of company stock were sold by company men and women over the past 12 months, totaling more than $4 million. At the same time, only 12,000 shares of AMD worth around $99,000 were purchased by company insiders.
Perhaps much ado about nothing, at the current stock price ($5.66 per share), Claflin's stock unload would have netted him less than $20,000. AMD stock was trading at around $7.50 per share when Claflin came on board almost eight and a half years ago.
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timebil
January 16, 2012 at 3:35am
amd yöneticisinin yaptığı açıklamalar gerçekten ilgi çekici özellikle gelişim kayda değer bende bu habere benzer şekilde yükseliş gösteren baymak servis firmasından size bahsetmek istiyorum.
B.A.Frayd
January 13, 2012 at 3:01pm
Let me get this straight:
He sold 3.447 shares of stock @ $5.66 per share, and he ended up with just less than $20,000?
Either someone can't add, or someone can't do some simple proof-reading before parroting reporting.
JohnP
January 13, 2012 at 3:28pm
Huh? If you wrote 3 THOUSAND and FOUR HUNDRED FORTY-SEVEN shares instead of THREE POINT FOUR FOUR SEVEN shares, you would come up with the right answer...
bibleverse
January 13, 2012 at 12:18pm
Sad but with a heavy focus on PCs AMD is going to be a forgotten brand soon. With out a breakthrough in mobile computing tech they are lost. Honestly, AMD needs to develop a "ultrabook" brand (ultrabook is a standard trademarked by intel) and get their chips in tablets and phones.
ddimick
January 13, 2012 at 11:59am
If any of the so-called journalists had bothered to do any kind of basic research they'd also report that this transaction represents a miniscule fraction of the 108,310,000 shares held by insiders. Implying that this is somehow reflective of AMD performance is moronic, at best.
I don't own AMD stock or products, but I can recognize trolling when I see it.
JohnP
January 13, 2012 at 3:31pm
Yeah, Upper management company folks sell shares all the time. Remember, part of their pay is in shares so they sell them. No Big Deal. Bill Gates sells huge lumps of stocks for his charities all the time and no one says boo. Where is there a story in this?
bityw
January 13, 2012 at 12:30pm
Ditto. Also, exercising shares does not mean to sell or "unload" them as the author states. Both MaxPC and Fudzilla misinterpreted MMDNewswire's article.
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