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Weekly CEO Sells Highlight: Level 3 Communications Inc, CommVault Systems Inc, International Paper Company, Majesco Entertainment Company

August 29, 2010 | About:
Thomas Brown

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According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Level 3 Communications Inc, CommVault Systems Inc, International Paper Company, Majesco Entertainment Company

Level 3 Communications Inc. (LVLT): CEO James Q Crowe sold 2,000,000 Shares

CEO of Level 3 Communications Inc. (LVLT) James Q Crowe sold 2,000,000 shares on 08/25/2010 at an average price of $1.05. Level 3 Communications is a communications and information services company. Level 3 Communications Inc. has a market cap of $1.71 billion; its shares were traded at around $1.03 with and P/S ratio of 0.5.

On July 27, Level 3 Communications, Inc. reported solid second quarter 2010 results. The Company reported a revenue of $908 million.

CEO James Q Crowe sold 2,127,600 shares of LVLT stock in April, July, and August. Executive VP and CFO Sunit S Patel sold 85,700 shares of LVLT stock in April and July. Director Douglas C Eby bought 25,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Michael J Mahoney bought 100,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Arun Netravali bought 100,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director John T Reed bought 50,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05. Director Walter Scott Jr bought 1,575,000 shares of LVLT stock on 08/25/2010 at the average price of 1.05.

CommVault Systems Inc. (CVLT): Chairman, President & CEO N Robert Hammer sold 200,000 Shares

Chairman, President & CEO of CommVault Systems Inc. (CVLT) N Robert Hammer sold 200,000 shares on 08/24/2010 at an average price of $24. CommVault provides Unified Data Management solutions for data protection, universal availability and simplified management of data on complex storage networks. Commvault Systems Inc. has a market cap of $1.1 billion; its shares were traded at around $25.5 with a P/E ratio of 57.9 and P/S ratio of 4.1.

On August 3, CommVault announced its final financial results for the first quarter ended June 30, 2010. The Company announced a revenue of $66.3 million.

Chairman, President & CEO N Robert Hammer sold 400,000 shares of CVLT stock in May and August. VP, Mkt & Bus. Development David R West sold 5,441 shares of CVLT stock on 08/23/2010 at the average price of 23.88. VP Finance and CAO Brian Carolan sold 26,001 shares of CVLT stock in May, June, and August.

International Paper Company (IP): Chairman and CEO John V Faraci sold 85,000 Shares

Chairman and CEO of International Paper Company (IP) John V Faraci sold 85,000 shares on 08/20/2010 at an average price of $21.14. International Paper Co. is a paper and forest products company that is complemented by an extensive distribution system. International Paper Company has a market cap of $8.9 billion; its shares were traded at around $20.38 with a P/E ratio of 19.1 and P/S ratio of 0.4. The dividend yield of International Paper Company stocks is 2.5%. International Paper Company had an annual average earning growth of 1% over the past 10 years.

July 28, International Paper reported preliminary second-quarter 2010. The Company reported a revenue of $6.1 billion.

Chairman and CEO John V Faraci sold 315,000 shares of IP stock in June, July, and August. SVP, General Counsel & Sec'y Maura A Smith sold 25,000 shares of IP stock in May and June. Senior Vice President Thomas G Kadien and Senior Vice President Maximo Pacheco together sold 43,079 shares of IP stock in May and June.

Majesco Entertainment Company (COOL): CEO Jesse Sutton sold 73,600 Shares

CEO of Majesco Entertainment Company (COOL) Jesse Sutton sold 73,600 shares on 08/19/2010 at an average price of $0.62. Majesco Entertainment Company is a provider of digital entertainment products and content. Majesco Entertainment Company has a market cap of $21.2 million; its shares were traded at around $0.5475 with and P/S ratio of 0.2.

On June 14, Majesco Entertainment Company reported financial results for the second quarter and six months ended April 30, 2010. The Company reported a revenue of $10.9 million.

CEO Jesse Sutton sold 173,600 shares of COOL stock in April and August.CFO John Gross sold 46,990 shares of COOL stock on 08/03/2010 at the average price of 0.64. Director Louis Lipschitz, Director Keith Mccurdy, and Director Laurence Aronson together sold 12,464 shares of COOL stock on 08/04/2010.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.


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