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Technology Stocks : LEGATO SYSTEMS LGTO
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To: gmccon who wrote (775)2/2/2000 2:48:00 PM
From: Chuzzlewit  Read Replies (1) of 1138
 
gmccon,

First off, I think this company is a classic no brainer because too many people jumped to the wrong conclusion, and failed to look past the earnings restatement.

Second, class action suits in a case like this are reflexive, and I believe have no merit, except if it can be shown that management knew of the pending restatement and made materially false statement after they knew about it.

I believe this company has a lot of upside, and wouldn't be a bit surprised to see the price of the stock well north of $50 by the end of the year.

TTFN,
CTC
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