The Inquirer-Home

Rambus shares soar after filing SNAFU

Oh dearie me
Thu Jul 21 2005, 11:50
THE SHARE GRAPH for Rambus looked like a dodgy ticker gram this week after it looked like its CEO had bought 50,000 shares of the RMBS stock.

But it was all a terrible mistake. In fact, CEO Harold Hughes had sold these shares in Rambus, which didn't stop the stock flying in an upward direction by four per cent.

As one Wall Street observer noted, Rambus did not send its condolences to people who bought thinking something good was about to happen. Instead, it just filed an amended report with the Securities and Exchange Commission.

The first report to the SEC is here. And the S4 amending that can be found here. Oh dear. µ

Share this:

Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

aboutus
Advertisement
Subscribe to INQ newsletters
Advertisement
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?