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Technology Stocks : Adaptec (ADPT)

ADPT 17.18

+0.5%

3:09 PM EST

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To: Bargain Hunter who wrote (938)	1/23/1998 3:49:00 PM
From: David Lawrence	Read Replies (1) of 5944

Bargain Hunter, my experiences are quite similar to yours, and I could not agree more with your comments. Everybody loses except the lawyers purportedly representing the plaintiffs. The further damage done to the company and shareholders is far more severe than the pittance they might receive in a settlement after the vultures, er, lawyers take their cut. In my opinion, if there is indeed an infraction of law, only the profiting insiders, if any, should bear legal and monetary risk. A non-insider shareholder that owned prior to the infraction is equally damaged as a shareholder purchasing during a class period, and should not be further penalized to the benefit of newcomers.

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