LEGATO SYSTEMS LGTO Message Board

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Technology Stocks : LEGATO SYSTEMS LGTO

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To: Holger Wolf who wrote ()	4/5/2000 1:23:00 PM
From: Howard Armstrong	Read Replies (1) of 1138

Phil White at it again! Yep, the former CEO of IFMX (a recent earnings re-statement champ!) is on the board of LGTO! Birds of a feather flock together! There may have been "renagade" sales reps, but probably Louis Cole just told the sales organization "get me revenue, no matter what." It was an overall company attitude. Until Mr. Cole is replaced, don't expect confidence to return in this stock. Also, when the new auditors look at the books, there could be more surprises. The same thing happened at IFMX: there were actually two re-statements in 1997. It took almost 3 years for IFMX to recover.

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