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SLOT MAKER EXECS SELLING CHUNKS OF STOCK

Aug 5, 2001 8:13 PM

Board members and top executives of slot makers International Game Technology and WMS sold large chunks of shares in the companies before the stocks declined in value.

The multimillion-dollar transactions came during the nine months ending June 30, before concerns publicly arose that new-product sales appeared to slow down for the nation's two largest slot manufacturers.

Despite California's emerging tribal gaming market, WMS shares were off 31 percent last Friday from the 52-week high of $32.64 recorded June 13. IGT shares were down 24 percent from the year high of $66.04 recorded June 8.