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Mellanox (MLNX) CEO Waldman Says Sales Not Related to Recent Price Action

October 23, 2012 2:59 PM EDT
Following Mellanox Technologies (Nasdaq: MLNX) CEO Eyal Waldman filing for Rule10b5-1 sales late Monday, the executive spoke with Bloomberg today.

Waldman said share sales were part of an annual plan and not related to recent weakness in shares.

Shares are down 28 percent the last four sessions and 6 percent on Tuesday's session.


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