Tiger Woods Out...Until August!
 |
| | (Post a comment) » ATI founder faces insider trading allegationsSympatico-MNS-CBC News (yeah, I'm saying wtfizzle too...), reports.
The shares of the computer graphics chipmaker were worth more than $7 million when the gifts were made in April 2000.
However, they lost half their value in two days after the company announced on May 24 that it would miss analysts' expectations and post a loss for the quarter spanning March to May 2000.
The OSC's enforcement branch alleges Ho was aware of that information and managed to maximize his tax benefit by donating the shares in advance of the profit warning, thus avoiding a $3.6-million decline in the value of his gifts. |  Previous news article | Back to main news | Next news article  |
| You are viewing the comments as Guest and are limited to 10 messages per page. [Login] Not an FS Member? Register here, it's FREE! You will see more posts per page and you can filter out the Anonymous comments as well as enable the profanity filter. |
|
#14
|
Author:
|
JimZero at 03:47pm 04/23/2005
|
|
Comment:
 Reply to This
|
Put me on the jury and set me up with a new videocard+system+monitor
and I'll make sure you walk.
|
| |
|
#13
|
Author:
|
egglick at 03:44pm 04/22/2005
|
|
Response to #12:
Reply to This
|
Interesting....thanks for the explanation.
I've always thought the idea of letting companies buy stock in other
companies was a bit flawed. This probably accounts for a big
portion of stocks that are held today, but does anyone else see the
problem with letting companies hold each others stock in a
competitive business??
Lets say that we took a couple longtime rival football teams like
the Bears and Packers, and put them in control of a small portion of
each other's salary cap. Probably not the smartest idea eh?
|
| |
|
|
#12
|
Author:
|
squeegie (View my Profile) at 09:03pm 04/20/2005
|
|
Response to #10:
Reply to This
|
Basically you are looking at it this way
Shares work by people buying into what they consider is a stable and
profitable company. So say Joe Blogs goes "Hey company A makes
these really cool devices that I think are going to sell really
well, I'll buy stocks in them". Obviously if they do sell well,
he's made a good decision because the stocks he owns go up in
value.
But if company A says to company B (company B holds heaps of shares
in company A)
"Hey company B, we have managed our money really badly. I'll do
you a deal, we'll buy all of our shares back off you at their
current good price, then we'll announce that we are going bank rupt.
This way you'll get all your money back (but none of the other share
holders will because their share prices will drop after company A
announces their bankrupt status). Then company A's executives will
take millions of dollars along with them to company B and become
execs of that company, because company B feels good about the inside
trade they just did.
This is one very simple example, there are heaps of other ways it
can be done - but that's basically how it can work.
|
| |
|
|
#11
|
Author:
|
DanT at 07:43pm 04/20/2005
|
|
Response to #10:
Reply to This
|
Because it is "publicly" traded stock and if you move it
around based on insider information then you are cheating the
shareholders.
|
| |
|
#10
|
Author:
|
egglick at 07:11pm 04/20/2005
|
|
Comment:
Reply to This
|
I never completely understood how this stuff works or whats so bad
about it. If a little bird whispers something in your ear and you
feel like dumping half your stock on a whim, why the hell shouldn't
you be able to??
|
| |
|
#9
|
Author:
|
Anonymous at 05:50pm 04/20/2005
|
|
Comment:
Reply to This
|
Canadians are lying, cheating, smelly, scummy, stupid, moose-humping
HOSERS!
|
| |
|
#8
|
Author:
|
Anonymous at 02:20pm 04/20/2005
|
|
Response to #5:
Reply to This
|
Ho Ho Ho, you're just killing me here (not.)
|
| |
|
#7
|
Author:
|
Anonymous at 02:13pm 04/20/2005
|
|
Comment:
Reply to This
|
This charge is nothing new. He's already owned up and payed money
for his wrong doing. This just seems to keep dragging along.
|
| |
|
#6
|
Author:
|
EyeMaster (View my Profile) at 12:21pm 04/20/2005
|
|
Response to #3:
Reply to This
|
cause they only have 6 years max to wait, after that, you're in the
clear. I beleive anyway, that's what my taxes say.
|
| |
|
#5
|
Author:
|
Anonymous at 10:59am 04/20/2005
|
|
Comment:
Reply to This
|
What a Ho this guy is!!, unfortunately for him (or Ho) the more they
investigate this guy's stock trading practices, the more they will
find.
Is'nt this the second thing they've nailed this Ho for? This guy is
going to the jail, but seeing as he is probably in Canada, probably
a jaccussi.
The new R620 GPU....code named the "Prison" chip.
|
| |
  Gigabyte P55 Lynnfield-ready Motherboard Roundup
 If you're in the market for a new P55 motherboard to go along with your new Lynnfield CPU you'll definitely want to check out today's article. Inside ... [+] (Comments) |  Left 4 Dead 2 PC Review
 Valve says Left 4 Dead 2 contains so much new content, it's worthy of a sequel rather than DLC. Is this true or false? Judge for yourself in today's r... [+] (Comments) |
ATI Radeon 5970 Performance Preview
 After a 10-month hiatus, ATI's once again got the world's fastest graphics card. The Radeon 5970 fuses two RV870 chips onto one board for max performa... [+] (Comments) | Call of Duty: Modern Warfare 2 PC Review
 With no dedicated servers, no lean, and 18-player cap for multi, does Modern Warfare 2 for PC live up to its predecessors? Most of the reviews online ... [+] (Comments) |
Sapphire Radeon 5870 Vapor-X 1GB Review
 With its custom vapor chamber cooling+heatpipes and factory OC'ing, Sapphire's 5870 Vapor-X is targeted towards gamers looking for a 5870 card with a ... [+] (Comments) | Dragon Age Origins Review
 |
Phenom II Gets A New Revision: 125W AMD Phenom II X4 965 Performance Preview
 Promising lower power consumption, lower temps, and most importantly for enthusiasts, more OC'ing, AMD is back with a new CPU revision for the Phenom ... [+] (Comments) | Shattered Horizon Review
 FutureMark, well known for their popular 3DMark benchmarks, is venturing into new territory with Shattered Horizon. This multiplayer shooter is perhap... [+] (Comments) |
| AMD Athlon II X3 435/Athlon II X2 240e Performance Preview
 Today AMD is introducing 8 new Athlon II CPUs intended to service different segments of the budget CPU market. For HTPC users, new 45W dual, triple, a... [+] (Comments) | Borderlands PC Review
 Is it an RPG or is it an FPS? Borderlands blends the best elements of both in one entertaining package. Vandy has spent the past week playing the PC v... [+] (Comments) |
EVGA P55 FTW Review
 Looking for a good P55 motherboard to OC your CPU beyond 4GHz? If so, you may want to check out EVGA's P55 FTW. With its extra ATX12V connector, this ... [+] (Comments) | Operation Flashpoint: Dragon Rising Review
 While it's not the true sequel to Operation Flashpoint, Dragon Rising is billed as a modern tactical sim just like its predecessor. Does it live up to... [+] (Comments) |
ATI Radeon HD 5770/5750 Performance Preview
 With prices ranging from $109-$159, ATI's Radeon 5700 series of cards bring DX11 gaming to mainstream price points and usher in new levels of energy e... [+] (Comments) | Batman: Arkham Asylum PC Review
 Already a smash hit on consoles, the PC version of Batman: Arkham Asylum sports better graphics and support for NVIDIA technologies PhysX and 3D Visio... [+] (Comments) |
Batman: Arkham Asylum PhysX Features and Performance
 One eye candy feature PC users can enjoy over the console edition of Batman: AA is PhysX. Rocksteady's PhysX implementation is more than just tearing ... [+] (Comments) | Resident Evil 5 PC Review
 Sporting a new mercenaries mode with more enemies on screen, higher resolution DX10 graphics, and 3D Vision support, Resident Evil 5 is definitely bes... [+] (Comments) |
| More Hardware » | More Games » | Interviews » |
| |
• This Month
• November 1 - 30, 2009
• October 1 - 31, 2009
• September 1 - 30, 2009
• August 1 - 31, 2009
• July 1 - 31, 2009
• June 1 - 30, 2009
• May 1 - 31, 2009
• April 1 - 30, 2009
• March 1 - 31, 2009
• February 1 - 28, 2009
• January 1 - 31, 2009
• December 1 - 31, 2008
|
|
|
Digg
Del.icio.us
Reddit
SU
furl
