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May 10, 2006
Baby Needs a New Pair of Google Shoes
As a (mostly) California resident, I want to sincerely thank Google for all the insider selling. Given that people there have sold so much stock that it moved the California personal income tax receipt meter, here's hoping that it continues. There's a bike bridge over Rose Canyon that I'd like to see constructed, and then there's the whole matter of San Diego's bankruptcy to deal with. Keep on selling, guys.F***edGoogle puts it in useful context:
...if you add up the total amount of all the insider selling from the top 199 companies in Silicon Valley that are listed on the stock market, it would STILL be less than the value of shares sold by insiders at just one company- Google.
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That is an incredible story -- and those other 199 companies, as f***edgoogle points out, are mostly little companies like eBay, Yahoo, Oracle and Cisco.