SCO Executives Sold $1.2 Million In Shares Since Lawsuit

Among the executives selling stock was CFO Robert Bench, who sold shares just four days after SCO first accused IBM of illegally inserting code from Unix into the open-source Linux operating system, said the reports from the Salt Lake Tribune and Bloomberg News.

Bench has sold 17,151 shares in three separate sales since March 10, while SCO Vice President sold his stake of 12,000 shares in two sessions during July.

According to the Washington Service, a firm that tracks insider transactions, the move by the executives was the first time in over a year that SCO insiders had sold shares.

At closing Tuesday, SCO shares were at $9.72 on the NASDAQ. Since SCO filed its lawsuit against IBM, share prices have climbed four-fold.

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This story courtesy of TechWeb.