Another PalmSource executive cashes out

Alexander Turcic · 07-31-2005, 03:30 PM

Edit: It came to my attention that Gabi is still employeed at PalmSource, but apparently not any longer as VP?

Only days after the announcement that ex-CEO David Nagel is planning to sell part of his inventory of PalmSource stock, Gabriele Schindler, former PalmSource Senior Vice President and major shareholder, filled Form 144 to announce her intention to sell all of her 55,220 restricted shares (with a current value of about $450k).

If you are interested in snooping around, check out Gabi's initial employment agreement with PalmSource. A salary of $275k to begin with (excluding bonuses and other extraordinary payments) isn't all that bad!

Update: Here is a link to all recently proposed insider trades.

Colin Dunstan · 07-31-2005, 03:33 PM

Another vote of confidence.

gadgetguru · 07-31-2005, 04:10 PM

The problem with not having a Bill Gates or Larry Ellison (at PalmSource)...someone who takes pride and attention in their companies....not execs who goes in for the money and cashes out at the first signs of trouble, which might even be of their own making...

Someone who loves the platform...Someone like Ed Colligan at PalmOne.

Not Mr. Bradley who jumped ship only to show up at a rival...now that's loyalty...

Alexander Turcic · 07-31-2005, 06:17 PM

What bugs me is not only lack of loyality, but the fact that Mrs. Schindler, one of the top 5 in PalmSource management, is planning to sell her stocks at a time when the stock has reached its all-time low.

surur · 07-31-2005, 07:31 PM

Which can only mean she expects it to go even lower in the NEAR future, else she would not be in such a hurry to sell ALL her stock.

Surur

Antoine of MMM · 07-31-2005, 08:12 PM

Not a good sign for PS. Seems more and more like PS is being primed for a takeover and folks are trying to get out while they can.

Laurens · 08-01-2005, 03:54 AM

Quote:

Originally Posted by gadgetguru

Not Mr. Bradley who jumped ship only to show up at a rival...now that's loyalty...

IIRC the guy was fired.

07-31-2005, 03:30 PM	#1
Alexander Turcic Fully Converged Posts: 18,175 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	Another PalmSource executive cashes out Edit: It came to my attention that Gabi is still employeed at PalmSource, but apparently not any longer as VP? Only days after the announcement that ex-CEO David Nagel is planning to sell part of his inventory of PalmSource stock, Gabriele Schindler, former PalmSource Senior Vice President and major shareholder, filled Form 144 to announce her intention to sell all of her 55,220 restricted shares (with a current value of about $450k). If you are interested in snooping around, check out Gabi's initial employment agreement with PalmSource. A salary of $275k to begin with (excluding bonuses and other extraordinary payments) isn't all that bad! Update: Here is a link to all recently proposed insider trades.

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07-31-2005, 03:33 PM	#2
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	Another vote of confidence.

07-31-2005, 04:10 PM	#3
gadgetguru Addict Posts: 214 Karma: 6370 Join Date: May 2003 Location: Asia Device: Tungsten T5	The problem with not having a Bill Gates or Larry Ellison (at PalmSource)...someone who takes pride and attention in their companies....not execs who goes in for the money and cashes out at the first signs of trouble, which might even be of their own making... Someone who loves the platform...Someone like Ed Colligan at PalmOne. Not Mr. Bradley who jumped ship only to show up at a rival...now that's loyalty...

07-31-2005, 06:17 PM	#4
Alexander Turcic Fully Converged Posts: 18,175 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	What bugs me is not only lack of loyality, but the fact that Mrs. Schindler, one of the top 5 in PalmSource management, is planning to sell her stocks at a time when the stock has reached its all-time low.

07-31-2005, 07:31 PM	#5
surur Enthusiast Posts: 30 Karma: 2258 Join Date: Jun 2005 Device: Loox 720	Which can only mean she expects it to go even lower in the NEAR future, else she would not be in such a hurry to sell ALL her stock. Surur

07-31-2005, 08:12 PM	#6
Antoine of MMM Mobile Ministry Magazine Posts: 119 Karma: 4507 Join Date: May 2005 Location: Charlotte, NC Device: Nokia N75/N800 Internet Tablet	Not a good sign for PS. Seems more and more like PS is being primed for a takeover and folks are trying to get out while they can.

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