Monday, February 19, 2007

Insiders ride Omnicell's success

SHARES SOLD AT HIGHEST RATE IN FIVE YEARS

By Chris O'Brien
Mercury News

For Omnicell of Mountain View, 2006 was an explosive year. But 2007 is shaping up to be even better. That has cheered investors. And with the stock rising, insiders are cashing in their stock and options.

Since the beginning of 2007, insiders have sold $4.8 million in stock. Although the quarter is only about half over, that still represents the most selling in a single quarter in five years, according to Thomson Financial. The company had its initial public offering of stock in August 2001.

Omnicell makes a variety of systems that help health care organizations manage things like physician order management and pharmaceuticals. For instance, one of the company's most popular systems uses a bar code scanner to monitor the flow of prescription drugs along every step -- from the order to its being administered by the patient.

Read more here.

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