[Kaizen]

NVidia CEO Sells his shares day after ATI display the 5870.

President and CEO of NVIDIA Corp. (NVDA) Jen Hsun Huang sells 260,475 shares of NVDA on 09/11/2009 at an average price of $16.07 a share.

Oh god :dance:

Whoopasstastic :thumb:

 

[Dennemark]

ATI kicks butt.

Admit it.

 

[masta.g.86]

Wut? oO

Is this for real? Source?

Financially, it's a smart move on his part, even if GT300 ends up being faster in the end. Rumors suggest that nVidia won't be able to release the new series until December 2009 at the earliest. Others say it's more realistic for a release in early 2010.

 

[Spyhop]

Fanboy thread.

 

[Kaizen]

Fanboy thread.

Speculation thread.

You KNOW i'm not a fanboy of ATI. Search my post history and read my GTX280 speculation threads.
Made 10x the posts in those compared to the ATI thread for the 5870. For a card that sucked balls.

Mindless comment btw.

 

[masta.g.86]

Found it. NVIDIA Corp. (NVDA) President and CEO Jen Hsun Huang sells 260,475 Shares -- GuruFocus.com

Though if you read through this, the stock sell-off may have just been business as usual.

Recent Trades of NVIDIA Corp. by CEO:


* Sell: President and CEO Jen Hsun Huang sold 390,711 shares of NVDA stock on 08/31/2009 at the average price of $14.18; the price of the stock has increased by 15.08% since.

* Sell: President and CEO Jen Hsun Huang sold 130,236 more shares of NVDA stock on 06/18/2009 at the average price of $11.09; the price of the stock has increased by 47.14% since.


Recent Trades of NVIDIA Corp. by Directors and Officers:


* Sell: Director A Brooke Seawell sold 45,000 shares of NVDA stock on 08/28/2009 at the average price of $14.67; the price of the stock has increased by 11.23% since.

* Sell: Director William J Miller sold 90,000 shares of NVDA stock on 06/02/2009 at the average price of $10.86; the price of the stock has increased by 50.26% since.

If this is indeed just business as usual, he sure as hell picked a day to do it. It seems that his stock sell-off has made other nVidia (NVDA) shareholders sell their stocks as well. At the time of this post, nVidia stock has dropped $0.152 since yesterday alone.

 

[makotech222]

yeah, now the CEO can buy more than what he sold and control more of the company, lol.

 

[|-xA-|]

Seems Nvidia's screwing themselves this card season. They better have some epic 300 cards coming.

 

[runawayprisoner]

So the CEO of nVidia suddenly has to amass $3M for himself. What's the occasion? Christmas?

 

[Mr. Duck Sauce]

So the CEO of nVidia suddenly has to amass $3M for himself. What's the occasion? Christmas?

Sounds like the company might go to the ****ter, just like the banks, oh ****.

 

[Squall-Leonhart]

i doubt it, they are in a better position financially tham DAAMIT.

 

[PCXL-Fan]

Tech companies themselves are struggling as of late. Both AMD and ATI im sure. Im sure profits have been down for both.

How is nvidia doing with their ringbus technology?

 

[Demigod]

I wouldn't attribute too much to such news. Executives selling shares of their own company isn't unusual. Nvidia is in a relatively good position, they're still profitable at least, unlike ATI which is still mired in red (honestly, ATI needs the R800 to be a success, their GPU business is their best hope now and their very survival might depend on it).