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it looks like half the management cashed out in the months leading up to the "launch" of CC

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Aindreas Gallagher
it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 14, 2013 at 4:02:36 pm

http://www.nasdaq.com/symbol/adbe/insider-trades/sells

I recognise quite a few names there.
some of the trades are very heavy.
you could argue that people who made those trades are no longer really directly invested, as it were, in how this all turns out.







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Joseph W. Bourke
Re: it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 14, 2013 at 4:13:52 pm

I wonder whether upper management of any publicly traded company would make such a stupid move as insider trading. My guess would be that they cashed out to protect their assets during a downward trend (which, of course, may be related to the CC debacle). It would be following in the footsteps of Martha Stewart, and I'm sure they're all painfully aware of what happened to her...

My guess is that they'll buy in again when a market uptrend begins. But that's just a guess - if I knew what I was talking about, I'd be rich, too...

Joe Bourke
Owner/Creative Director
Bourke Media
http://www.bourkemedia.com


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Aindreas Gallagher
Re: it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 14, 2013 at 4:35:59 pm

oh god no - I'm not saying anything illegal - they are fully disclosed sales - it's just - it would seem adobe is about to go in a very different direction - there will probably be a new ceo in a while to manage the new business, new lots of things in a few years - people like warnock and kevin lynch selling off... that just feels like some kind of sign - it just feels like the end of something - lets not forget - adobe aren't actually going to sell software anymore.

You kind of get the feeling a lot of people are going to have moved on or left in the next three years.







http://www.adobe2014.tumblr.com
#adobe2014

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Jim Wiseman
Re: it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 14, 2013 at 4:48:48 pm

Narayen apparently sold half his stock, according to one report, on April 5, about $10,000,000. Shows a lot of faith in the Creative Cloud announcement he knew was coming in a month.

Jim Wiseman
Sony PMW-EX1,Pana AJ-D810 DVCPro, DVX-100, Nikon D7000, Final Cut Studio 2 and 3, Media 100 Suite 2.1.3, Premiere Pro 5.5 and 6.0, AJA ioHD, AJA Kona LHi, Avid MC, Hexacore MacPro 3.33 Ghz 24Gb RAM GTX-285 120GB SSD, Macbook Pro 17" 2011 2.2 Ghz Quadcore i7 8Gb SSD, G5 Quadcore PCIe


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Ricardo Marty
Re: it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 14, 2013 at 7:23:06 pm

Is it just a coincidence? or do they know something we don't?
I walks like a duck and sounds its a duck. Sounds like insider trading to me.

Ricardo


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Joseph W. Bourke
Re: it looks like half the management cashed out in the months leading up to the "launch" of CC
on Jun 15, 2013 at 6:53:27 pm

I would hope these guys are smart enough to avoid the Martha Stewart move. My guess is that, since they don't know which way it's going to go, they're hedging their bets by taking half of their investment back in cash. Just a guess, though...

Joe Bourke
Owner/Creative Director
Bourke Media
http://www.bourkemedia.com


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