14 August 2006

Seven insiders at 8x8, a Santa Clara maker of equipment and services used to make phone calls over the Internet, have spent more than $100,000 buying up company stock at some of its lowest prices in three years. The purchases represent the highest level of quarterly buying at 8x8 in five years, according to Thomson Financial.

Among purchasers was its chairman and chief executive, Bryan Martin, who bought 28,863 shares for $21,235, paying an average of 74 cents a share, increasing his ownership by 3 percent to 1.14 million shares.