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Technology Stocks : LEGATO SYSTEMS LGTO
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To: deeebeee who wrote (1121)1/30/2001 11:06:58 AM
From: LemurHouse  Read Replies (1) of 1138
 
Sold this morning after the conference call. Concerned by management's poor handling of what certainly had to be perceived as an important opportunity for the company. CEO Wright seemingly incapable of providing a clear articulation of the company's current position or of his vision for the future. CFO Brown seems less than fully in command of the numbers. Not the kind of performance that would inspire confidence given LGTO's recent troubles. Too bad, I was hoping for better. Am grateful for the recent run-up to be able to get out of my position with a modest loss. I have no idea what the prospects are for this company going forward. One would think that they could be quite positive given that their industry is growing at 30-40%, but could find little reason for optimism in the conf call. Perhaps the rumored buy-out would be the best outcome for shareholders.

Anyone else have a different take?
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