> It actually doesn't look too bad. It's spread over the year pretty well,
and I'm sure JJ Allaire has more than $4mil in stocks to his name. He
probably just saw a new house in Silicon
> Valley for sale dirt-cheap by a failed dot-commer.
$4m ? are you smoking something? :) Do you think he owns less than 10% of
the company? With about 25million shares outstanding (of which only about
5million are in public hands) even at these "low" prices that puts the
market cap of the company at half a billion dollars. 10% is a hell of a lot
more than $4 million! :)
I'm not sure the sell-off necessarily means they think the stock has no
place to go than down. If I had $50 million tied up in stock, which only
recently may have been released from sale restrictions (as per conditions of
the IPO for example), the last thing I would want to do is keep it
undiversified in a market that is currently "unkind" to tech stocks. Get
some of it out to convert it from paper profit to actual profit and get to
actually *enjoy* spending some of it :) So more power to Jeremy! He can only
help the Boston economy :)
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