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]

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45 Responses to “Dear Galleon Groupies”

  1. guest says:


  2. guest says:

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

  3. guest says:

    @1 really what?

  4. guest says:


  5. guest says:

    bess levin ft motherfucking w

  6. guest says:

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

  7. guest says:

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

  8. guest says:

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

  9. guest says:

    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.
    Greg’s Mom

  10. guest says:

    Perp walk photos on DB are the new killing it.

  11. Meat Vindaloo and 2 Veg says:

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

  12. guest says:

    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. guest says:

    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.
    Bernie keeps looking at me in a strange way. I keep telling him I am sore from last night.

  14. guest says:

    @13 Awful. Take a lap.

  15. guest says:

    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. guest says:

    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. guest says:

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

  18. guest says:

    Bess –
    You magnificant Bastard.

  19. guest says:

    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. guest says:

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

  21. guest says:

    @19- Henry?

  22. guest says:

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

  23. guest says:

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

  24. guest says:

    @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. guest says:

    19 just kill yourself now.

  26. guest says:

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

  27. guest says:


  28. guest says:

    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. guest says:

    +1 diet soda

  30. guest says:

    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. Billy Ray Human says:

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

  32. guest says:

    @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.

  33. guest says:

    Is Raj related to the ValueStockTips guy?

  34. guest says:

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

  35. guest says:

    where did this craig michaels go?

  36. guest says:

    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.

  37. John says:

    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?

  38. guest says:

    “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

  39. guest says:

    Protection is a scum bag. Right?

  40. guest says:

    I’ve got Dean Crist on the line…

  41. guest says:

    Dean Crist is on the line!!!

  42. guest says:

    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.

  43. Anal_yst says:

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

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