And on Good Friday there is yet another one filed...
PHILADELPHIA (April 1) BUSINESS WIRE -April 1, 1999--Spector & Roseman,
P.C. announces that a class action lawsuit has been commenced on behalf
of those persons who purchased shares of Compaq Computer Corporation
("Compaq")(NYSE:CPQ) common stock between Jan. 27, 1999 and February
25, 1999 (the "Class Period").
The lawsuit has been commenced in the United States District Court for
the Southern District of Texas. It charges Compaq, its President and
Chief Executive Officer, Eckhard Pfeiffer, and its Chief Financial
Officer, Earl L. Mason, with violating the federal securities laws by
misrepresenting and/or failing to disclose material information
regarding weakening demand in certain market sectors which led to
slower sales of Compaq's products in those markets.
It alleges that at the same time that Compaq was experiencing a slow
down in sales to small and medium size businesses, particularly in
North America and Europe, defendants repeatedly made statements to the
market directly and through securities analysts that demand for
Compaq's products and services remained strong. Mr. Mason and other
executives of the Company took advantage of the inflated stock price by
(COMTEX) A: Compaq Misled Investors According to Class Action Suit Fi
A: Compaq Misled Investors According to Class Action Suit Filed By Spector &
Roseman, P.C. |
