Hewlett-Packard Insiders August Selling Bonanza

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August was a record setting month for Hewlett-Packard insider stock sales, the Mercury News reports this morning. Insider sales amounted to the biggest month of insider cash-outs in five years. Ironically, the only H-P insider who has bought shares on the open market (as opposed to exercising options) in the past two years is George Keyworth, who is alleged to have been behind the leaks that set off the investigation that has embroiled the H-P board in scandal.
As Eric Savitz points out, whatever his dissatisfaction with the board may have been, Keyworth made a pretty good investment. Shares have risen 20% since he made his purchase.

Net gain: $3.5 million
[Mercury News; second item via Tech Trader Daily]

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