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Weekly CFO sells Highlight: PYDS, CNYC, QCOM, ONVC, ENTR

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According to GuruFocus Insider Data, these are the largest CFO sells during the past week.

(PYDS): Chairman, CEO, and CFO, 10% Owner Michael R Long Sold 1,000,000 Shares

Chairman, CEO, and CFO, 10% Owner of (PYDS) Michael R Long sold 1,000,000 shares on 12/20/2010 at an average price of $0.02. Payment Data Systems is a service bureau clearinghouse in the electronic bill presentment and payment industry.

Payment Data Systems Inc. recently reported its third quarter 2010 results. During its third quarter ended September 30, 2010, total revenues of the company were $648,927, a decrease from the $841,278 prior year quarter. Net loss of the company during its third quarter was $142,166 compared to a Net gain of $22,565 prior year quarter.

Chairman, CEO, and CFO, 10% Owner Michael R Long sold 1,000,000 shares of PYDS stock on 12/20/2010 at the average price of 0.02. 10% Owner Robert Evans bought 1,000,000 shares of PYDS stock on 12/20/2010 at the average price of 0.02. President & COO, 10% Owner Louis A Hoch sold 34,560 shares of PYDS stock throughout November and December.

(CNYC): Treasurer & CFO Kurt Bordian Sold 483,875 Shares

Treasurer & CFO of (CNYC) Kurt Bordian sold 483,875 shares on 12/20/2010 at an average price of $0.04. .

Canyon Copper Corp has reported no revenue for the third quarter.

Treasurer & CFO Kurt Bordian sold 483,875 shares of CNYC stock on 12/20/2010 at the average price of 0.04. The price of the stock has decreased by 100% since.

QUALCOMM Inc. (QCOM): EVP & CFO William E Keitel Sold 832,359 Shares

EVP & CFO of QUALCOMM Inc. (QCOM) William E Keitel sold 832,359 shares during the past week at an average price of $49.75. QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $79.98 billion; its shares were traded at around $49.44 with a P/E ratio of 24 and P/S ratio of 7.3. The dividend yield of Qualcomm Inc. stocks is 1.5%. Qualcomm Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.

QUALCOMM Inc. recently reported its fourth quarter 2010 results. The company reported revenues of $2.95 billion (non-GAAP), and a EPS of $0.53 cents.

QCOM is in the portfolios of Private Capital of Private Capital Management, Oak Value of Oak Value Capital Management, Manning & Napier Advisors, Inc, Jeremy Grantham of GMO LLC, PRIMECAP Management, Steve Mandel of Lone Pine Capital, Bruce Kovner of Caxton Associates, Lee Ainslie of Maverick Capital, George Soros of Soros Fund Management LLC, Richard Perry of Perry Capital, Steven Cohen of SAC Capital Advisors, Pioneer Investments, Stanley Druckenmiller of Duquesne Capital Management, LLC, RS Investment Management, Mario Gabelli of GAMCO Investors, Ron Baron of Baron Funds, Chuck Royce of Royce& Associates, Bill Frels of Mairs & Power Inc. , Jean-Marie Eveillard of First Eagle Investment Management, LLC.

Chairman & CEO Paul E Jacobs sold 160,000 shares of QCOM stock early this December and another 29,592 shares in November. EVP & CFO William E Keitel sold 907,667 shares of QCOM stock in December at the average price of 49.75. Executive Vice President Margaret L Johnson sold 137,000 shares of QCOM stock on 12/13/2010 at the average price of 49.5. Director Irwin M Jacobs, Executive Vice President Derek K Aberle and Executive Vice President James P Lederer all sold shares of QCOM stock.

Online Vacation Center Holdings (ONVC): CEO & CFO, 10% Owner Edward Rudner Sold 200,000 Shares

CEO & CFO, 10% Owner of Online Vacation Center Holdings Corp. (ONVC) Edward Rudner sold 200,000 shares on 12/17/2010 at an average price of $0.6. Online Vacation Center Holdings Corp., based in Plantation, Florida, is focused on building a network of diversified vacation sellers with a range of products that can be cross-sold to an extensive customer base.

Online Vacation Center Holdings Corp. recently reported its third quarter 2010 results. Net income of the company was $318,814.

CEO & CFO, 10% Owner Edward Rudner sold 200,000 shares of ONVC stock on 12/17/2010 at the average price of 0.6. 10% Owner Reginald Flosse sold 200,000 shares of ONVC stock on 12/17/2010 at the average price of 0.6. The price of the stock has decreased by 100% since

Entropic Communications Inc. (ENTR): CFO David Lyle Sold 185,447 Shares

CFO of Entropic Communications Inc. (ENTR) David Lyle sold 185,447 shares on 12/15/2010 at an average price of $11.17. Entropic Communications, Inc. is a fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. Entropic Communications Inc. has a market cap of $985.8 million; its shares were traded at around $11.73 with a P/E ratio of 46.9 and P/S ratio of 8.5.

Entropic Communications Inc. recently reported its third quarter 2010 results. Total net income of the company was $11.3 million, or $0.15 per share (GAAP). Net revenues of the company during its third quarter were $61.3 million, compared to $40.7 million prior year quarter.

ENTR is in the portfolios of Paul Tudor Jones of The Tudor Group, RS Investment Management, Steven Cohen of SAC Capital Advisors, Mario Gabelli of GAMCO Investors, Jeremy Grantham of GMO LLC.

CEO & President Patrick C Henry sold 75,000 shares of ENTR stock from October through December. CFO David Lyle sold 185,447 shares of ENTR stock on 12/15/2010 at the average price of 11.17 and 25,200 shares of ENTR stock from August through November. Senior VP, Sales William R Bradford and SVP,Marketing & Business Dev Vinay Gokhale sold 28,000 shares of ENTR stock on 12/20/2010. VP and General Counsel Lance Bridges sold 59,000 shares of ENTR stock in December.

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

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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