On October 20, 2009
Tech Insider Trading Bodes Ill
Insider trading is always painful to watch. People once trusted within organizations conspire to benefit themselves at the expense of their employers, co-workers, neighbors, and anyone else who happens by. And we’re currently seeing that in spades in the high tech space, with such names being dragged into the spotlight as IBM, Intel, Google, AMD, Sun Microsystems, and Akamai Technologies. But the result for the industry is more than a morbid curiosity. It will, rather, drive investors farther into resentment and distrust, making stock prices for many companies harder to maintain — to say nothing of fueling suspicion of regulators and possibly setting off a wave of investigations.
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