there are at least 100 nasdaq/tech cos. that have these boiler plate suits filed against them because the share prices fell. all the suits against each co. will be consolidated and eventually settled within terms of their ins. covg. stockholders will get nothing; the lawyers will get enough to make them worth their time in most case.
every release or conf. call that every co. puts out includes something like the following which exempts them from such claims execpt where the lawyers can really show gross misrepresentation
"...This release contains information about Avici's future expectations, plans, and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. When used in this press release, the words "will be" and other similar expressions are intended to identify such forward looking statements.
Such risks and uncertainties include, but are not limited to, market acceptance of Avici products, services and enhancements, customer purchasing patterns and commitments, development of the market place, product development and enhancement, intensity of competition of other vendors, technological changes and other risks set forth in Avici's filings with the Securities and Exchange Commission..." |
