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jamesbond 12/4/2012 | 9:55:38 PM
re: DIGL Founder: $348M in Insider Sales Unless he was issuing intentionally misleading investors with his guidance or cooking the books, he is not to blame for where investors bid his stock up to.

He just avoided being the fool holding the bag. Where's the crime?
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So you are saying anybody holding DIGL is a fool.
is that the message he was trying to convey?
jimmy123 12/4/2012 | 9:55:37 PM
re: DIGL Founder: $348M in Insider Sales Avoided holding the bag?

I believe the article states that Zwan is holding 60% of the company's stock at this time. He just bought 1 million shares on the open market... at ~ 5 bucks each. Indicating he believes in the company. If this guy was the bad apple that LR wants him to be wouldn't he have dumped it all and moved to the Caymans?

sonet49er 12/4/2012 | 9:55:35 PM
re: DIGL Founder: $348M in Insider Sales Didn't Digital Lightwave have to restate revenues in early ~1998 prompting a slew of class action suits and an SEC investigation?

Was Dr. Zwan's 3 year hiatus as CEO related to this 1998 incident?

I can't fault Dr. Zwan for taking profits during Telecom bubble, methodology where he avoided having to disclose sales needs to be eliminated.
PresterJohn 12/4/2012 | 9:55:24 PM
re: DIGL Founder: $348M in Insider Sales >He just bought 1 million shares on the open market... at ~ 5 bucks each. Indicating he believes in the company.

Let's see, the guy makes hundreds of millions then turns around and buys a million shares at 5 bucks because he *believes* in the company? Hello? 5 Million is peanuts compared to what he pocketed; not even a decent gratuity on $384 large. It looks more to me like he's blowing smoke, and certainly not *believing* in his company.
newbee2002 12/4/2012 | 9:55:23 PM
re: DIGL Founder: $348M in Insider Sales $348M is even more than the amount that Ken Lay, Jeff Skilling and Andy Fastow cashed out all together. It's second only to Gary Winnick. It would be great if you could give us some more investigative reports on Sycamore, Corvis, and Tellium.
I hope these people would return the money to their company (shareholders) since they were stolen in the first place.
dave77777 12/4/2012 | 9:55:21 PM
re: DIGL Founder: $348M in Insider Sales Big difference being that Huber never sold a significant # of shares, and clearly still believes in the company. It's pretty obvious Zwan just wanted a fast buck.

BTW, congrats to NT on winning Fortune's coveted Global #1 spot -- for highest losses in 2001.
BobbyMax 12/4/2012 | 9:55:20 PM
re: DIGL Founder: $348M in Insider Sales I strongly agree with you. Corvis, Avici and Sycamore may have engaged in conducts that are felonious nature. The trouble is that the government allows these corruptions to continue.

The acts of these companies is defintely an act of extreme violence against the american people
big daddy 12/4/2012 | 9:55:17 PM
re: DIGL Founder: $348M in Insider Sales Are these the same American people who day traded these stocks, flipping them weekly at a profit, continually driving the prices up? Just checking.
PresterJohn 12/4/2012 | 9:55:13 PM
re: DIGL Founder: $348M in Insider Sales >Are these the same American people who day traded these stocks, flipping them weekly at a profit, continually driving the prices up? Just checking

Gosh, do you think that we could end the recession by simply convincing day traders to start trading again? I wonder how much of an effect they had on this bubble burst anyway;-)
sigint 12/4/2012 | 9:55:12 PM
re: DIGL Founder: $348M in Insider Sales He just avoided being the fool holding the bag. Where's the crime?
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That's the point - it *ought* to have been a crime. The laws are inadequate.
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