• 16 Oct 2009 at 5:57 PM

Dear Galleon Groupies

From: Bob Wood
Sent: Fri 10/9/2009 5:06 PM
Subject: Galleon Group September 2009 Commentary and Performance Reviews
Please find attached Galleon’s monthly investment letter together with the package of the September performance reports. All of the funds recorded solid returns for the month as we continue to see evidence that we are moving into a stock pickers market. If you have any questions or wish additional information, please do not hesitate to contact me.
Robert Wood
Managing Director, Business Development
The Galleon Group
590 Madison Avenue, 34th Floor


Monthly Commentary – September 2009 [PDF]
September 2009 All Exposure reports [PDF]

45 comments (hidden to protect delicate sensibilities)
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Comments (45)

  1. Posted by guest | October 16, 2009 at 6:06 PM

    Really?

  2. Posted by guest | October 16, 2009 at 6:06 PM

    who will be the first to rip this off from db? clusterfuck? dealbook?

  3. Posted by guest | October 16, 2009 at 6:07 PM

    @1 really what?

  4. Posted by guest | October 16, 2009 at 6:07 PM

    dealboobs

  5. Posted by guest | October 16, 2009 at 6:10 PM

    bess levin ft motherfucking w

  6. Posted by guest | October 16, 2009 at 6:10 PM

    @3 portraying the illusion of normalcy at the sinking ship.

  7. Posted by guest | October 16, 2009 at 6:12 PM

    @3 they sent this last week…they didn’t know they were about to get busted.

  8. Posted by guest | October 16, 2009 at 6:19 PM

    @7 ah,I see. I guess the books will look a little different before long.

  9. Posted by guest | October 16, 2009 at 6:20 PM

    Bess -
    An outstanding day on your part. See what happens when you don’t have a human anchor around your neck? That would be Greg. That douche.
    Fondly,
    Greg’s Mom

  10. Posted by guest | October 16, 2009 at 6:25 PM

    Perp walk photos on DB are the new killing it.

  11. Posted by Meat Vindaloo and 2 Veg | October 16, 2009 at 6:27 PM

    @9 Shut up about Greg. This is about curry boy and his accomplices. Focus for Christ sake!

  12. Posted by guest | October 16, 2009 at 6:29 PM

    I hate to say this guys but I really would like to see Micheal Moore’s version of cops where wall street perps are taken down like the scum they are.

  13. Posted by guest | October 16, 2009 at 6:39 PM

    To all DB readers.
    Please to understand that myself, and our fund, has come under very serious attack, in fact, I find myself in jail.
    To my trusted investors I can assure you, according to the laws of Sri Lanka, insider trading is not a crime. It is simply the right to perfect information. I will fight, on your behalf, for what I see as a terrible injustice.
    Raj
    ps
    Bernie keeps looking at me in a strange way. I keep telling him I am sore from last night.

  14. Posted by guest | October 16, 2009 at 7:19 PM

    @13 Awful. Take a lap.

  15. Posted by guest | October 16, 2009 at 8:08 PM

    Excellent Work today Dealbreaker! Bess Levin and Teri Buhl nailed it on the Galleon coverage. Loved the rap song and photo of the lady from New Castle.

  16. Posted by guest | October 16, 2009 at 8:17 PM

    a digital intstrument is not a real document, the real document when a small amount of heat was applied, revealed the following coded message:
    persian blue nova likes curry scented mohair
    -guy who does like like getting his tie caught in a shredder

  17. Posted by guest | October 16, 2009 at 8:25 PM

    No Greg + Bess actually working = Dealbreaker’s best day in a long time.

  18. Posted by guest | October 16, 2009 at 8:29 PM

    Bess -
    You magnificant Bastard.
    SC

  19. Posted by guest | October 16, 2009 at 8:34 PM

    Before you start jerking Greg off and finger Bess – they didn’t break any story or uncover anything. They cut and pasted from other peoples’ webpages.
    Copy, past, send.

  20. Posted by guest | October 16, 2009 at 8:45 PM

    “Consistent with the firm’s positive view on technology, this sector was the largest contributor to profits.”
    IBM?

  21. Posted by guest | October 16, 2009 at 8:48 PM

    @19- Henry?

  22. Posted by guest | October 16, 2009 at 9:07 PM

    @19 Wrong. Plenty of stories have been broken by Dealbreaker.

  23. Posted by guest | October 16, 2009 at 10:56 PM

    @19 says the guy commenting on a story with information found nowhere else on the internet/in the MSM. keeping winning it, bud.

  24. Posted by guest | October 16, 2009 at 11:00 PM

    @17 interesting. you seem to have a disdain for greg, believe bess doesn’t do any “actual” work. and yet you’ve been here for a while (“best day in a long time”)…why?

  25. Posted by guest | October 16, 2009 at 11:00 PM

    19 just kill yourself now.

  26. Posted by guest | October 16, 2009 at 11:02 PM

    @19 O RLY? and whose would those be? oh, right. no one’s.

  27. Posted by guest | October 16, 2009 at 11:24 PM

    @17/dick
    PWNED.

  28. Posted by guest | October 16, 2009 at 11:24 PM

    Bess and good bloggers are supposed to cut and paste and add commentary. They’re aggregating and editing and serving it on a plate, sometimes with a bent. Bess can be pretty bent, which is why I read her. Bess also cultivates friends/sources so she breaks some stories. This is what a journalist does. Fact is, investigative journalism is largely being replaced by straight reportage of leaks. Then Teri Buhl’s posts get shit on, but who else is digging into that pile?

  29. Posted by guest | October 17, 2009 at 12:10 AM

    @14
    +1 diet soda

  30. Posted by guest | October 17, 2009 at 1:39 AM

    Why don’t reporters and their sources don’t get in trouble when they publish a story that contains material non-public information? For instance, the Journal reported last week that Brocade Communications, had put itself up for sale and the stock subsequently moved up significantly. This story was based on “sources familiar with the matter.” How is this different from Raj’s and his sources involved in the restructuring at AMD? End game for both is/was to make money – Raj to trade and for Journal to drive viewership.

  31. Posted by guest | October 17, 2009 at 10:16 AM
  32. Posted by Billy Ray Human | October 17, 2009 at 11:17 AM

    “stock picker’s market” indeed.
    So due diligenified it should be (is) illegal!

  33. Posted by guest | October 17, 2009 at 11:55 AM

    @30 um? Really? Is this rhetorical?
    1) Trading on material, non-public information may be illegal, but reporting it is not.
    2) Pretty much by definition, if some information appears in the WSJ it is now public.
    3) Amendment I generally inhibits prosecuting the press for publishing factual information.

  34. Posted by guest | October 17, 2009 at 4:53 PM

    Is Raj related to the ValueStockTips guy?

  35. Posted by guest | October 18, 2009 at 11:14 AM

    Bob Wood? Isn’t that what Greg does for a living?
    CG

  36. Posted by guest | October 18, 2009 at 12:12 PM

    where did this craig michaels go?

  37. Posted by guest | October 18, 2009 at 12:50 PM

    Insider trading should be completely legal. I see this whole thing a big waste of money. If any company wants to go public, then the company itself should build their own credit for not hiding the critical information to the investors, not SEC or any other government regulatory. If any one want to play this stock game, he/she should be fully aware that it is his/her responsibility to collect the information, not matter material or non-material. Why can’t people trade the stock of their own company? It will make market more efficient and facilitate the management to make the better decision for company’s operation instead of screwing up other investors.
    Insider trading just gives people a false hope that the whole game is “fair”, which is not whatsoever. Plus it has so many grey area and so hard to enforce it. I can’t see any justified reason for this stupid law.

  38. Posted by John | October 18, 2009 at 1:08 PM

    Greg zuckerman at the WSJ clearly lifted returns on Galleon’s Diversified fund from Dealbreaker yesterday in his story called ‘Trader Is known for Speed, Smarts.’
    It’s shameful that the WSJ let’s its reporters piggyback off of Bess’s first to the story reporting.
    Zuckerman seems to think since this Oct letter came out the firm actually has another $300m in AUM. He reports total aum is $3.7bn , while this letter from the firm states it $3.4bn. If that new AUM is even correct do think the investors will want a 30-day money back guarantee?

  39. Posted by guest | October 18, 2009 at 6:13 PM

    Guest@#37…
    “If any one want to play this stock game, he/she should be fully aware that it is his/her responsibility to collect the information, not matter material or non-material.”
    “go public” means publically held, which means owned by the public, which in turn means owned by many entities, including pension funds, mom & pop, Main Street, insiders, outsiders, et. al.
    As TGFD sees it, insider-trading laws are there to offer some type of protection to all the outsiders from all the insiders. Too bad the protection is so weak.
    It seems that you would choose to remove the protection, however feeble it may be.
    The Guy from Delaware

  40. Posted by guest | October 18, 2009 at 6:29 PM

    Protection is a scum bag. Right?

  41. Posted by guest | October 18, 2009 at 11:38 PM

    I’ve got Dean Crist on the line…

  42. Posted by guest | October 18, 2009 at 11:40 PM

    Dean Crist is on the line!!!

  43. Posted by guest | October 19, 2009 at 12:31 AM

    I checked from the Penn alum directory:
    Raj Rajanatram
    Anil Kumar
    Rajiv Goel
    are all 1983 MBAs.
    Have to admit, the amount of professional success these guys had (director at McKinsey, MD at Intel Capital and of course Raj Raj) is pretty incredible from a random sample of b-school buds.

  44. Posted by Anal_yst | October 19, 2009 at 3:35 PM

    @43
    “Random” sample of HBS grads, you’re surprised they did well for themselves?

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