Communications Systems Inc Brocade, 10% Owner at FOUNDRY NETWORKS INC (FDRY), bought 2,462,910 shares at $18.02 ($44.5M) on 2008-09-29, disclosed to the SEC on 2008-09-30.
Scheduled purchase ($44.5M) by 10% Owner under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $18.14 | 1,151,788 | $20.9M | 46.9% |
| 2 | $18.02 | 1,311,122 | $23.6M | 53.1% |
| Total | $18.08 avg | 2,462,910 | $44.5M | 100% |
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