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Technology Stocks : LEGATO SYSTEMS LGTO
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To: Shane Venem who wrote (639)1/21/2000 1:15:00 PM
From: A. Wayne  Read Replies (2) of 1138
 
Shane, I read all those articles this morning also.
As Yogi would say it's dejavu all over again, for me. I spent many years in the Engineering/Construction industry
in auditing and accounting. I saw Price Waterhouse make us change the reporting of our revenue and earnings stream to the length of the contract period from reporting the entire amount in the year it was awarded. Even with that, companies I worked with played a lot of games with the earnings stream trying to push more earnings into leaner years, but that's another story.

My senses and experience tell me that LGTO has been over sold here and the lawsuits won't reveal big crooks in the management. Really, just my humble opinion.

Wayne
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