Looks like Trickle might get another swing at cheap tool companies, as the AFFX warning has everyone spooked. Indeed, this is exactly the kind of guidance DPII gave a while back, and probably a good contrarian time to buy. QGENF in the teens? WAT in the 30s? Loading dry powder. CALP also down on sympathy with AFFX, as well as class action suit regarding IPO skulduggery:
>>NEW YORK, NY, Jun 07, 2001 (INTERNET WIRE via COMTEX) -- A securities class action lawsuit was commenced on behalf all persons who acquired Caliper Technologies, Inc. (NASDAQ: CALP chart, msgs) ("Caliper" or the "Company") securities between December 15, 1999 and December 6, 2000 (the "Class Period"). A copy of the complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP. Please visit our website at www.bernlieb.com or contact us by phone at(800)277-1522 or by e-mail at CALP@bernlieb.com.
The case is pending in the United States District Court for the Southern District of New York located at 500 Pearl Street, New York, NY 10007. Named as defendants in the complaint are Caliper and the following executive officers of Caliper: Daniel L. Kisner and James L. Knighton. The complaint also names as a defendant Credit Suisse First Boston Corporation ("Credit Suisse"), one of the lead underwriters of the Company's initial public offering of 4,500,000 shares of common stock at $16.00 per share on December 15, 1999 ("IPO").
The complaint charges defendants with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 for issuing a Registration Statement and Prospectus (the"Prospectus") that contained materially false and misleading information and failed to disclose material information. The Prospectus was issued in connection with Caliper' IPO.
The complaint alleges that the Prospectus was false and misleading because it failed to disclose (i) Credit Suisse's agreement with certain investors to provide them with significant amounts of restricted Caliper shares in the IPO in exchange for exorbitant and undisclosed commissions; and (ii) the agreement between Credit Suisse and certain of its customers whereby Credit Suisse would allocate shares in the IPO to those customers in exchange for the customers' agreement to purchase Caliper shares in the after-market at pre-determined prices.
The SEC is investigating underwriting practices in connection with several other initial public offerings, including the offerings of Ariba, Inc., VA Linux Systems, Inc. and United Parcel Service, Inc.
Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Caliper securities during the Class Period.
If you purchased or otherwise acquired Caliper securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than August 6, 2001. <<
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CALP has already touched the teens again. And the warnings season is just getting started, folks.
Cheers, Tuck |
