Saturday, June 7, 2008

Nuance new stock offering

Here's a couple of recent articles related to speech recognition industry leader Nuance. In an article dated June 4, Nuance's Senior VP of Global Sales was said to have exercised options of 83,000 shares of stock for $19.75 on Friday, May 30.

A second article, also dated June 4, announced that Nuance was offering an additional 5.58 million shares for sale. The market didn't respond very positively to the news, because Nuance's stock slid to $17.90/share the next day.

Lucky break for the Sr. VP, eh?

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