Thanks John for clarifying a possible misconception. I threw an opinion out into the forum that was instigated by the following excerpt from a news blurb regarding a class action suit following OXHP's difficulties:
"The complaint alleges that defendants violated the federal securities laws (Sections 10(b) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose material information about serious problems resulting from an overhaul of the Company's computer system in 1996, its ability to generate premium bills, collect its accounts receivables, determine membership enrollment, timely process medical claims, and determine medical liabilities, and the negative effect of these problems on the Company's revenues and earnings. "
With the recent press releases regarding SQNT's large deal with OXHP, and the big crash of OXHP's stock on the heals of that news, it's great to hear that SQNT was separated from the current problems that seem to be occurring in OXHP's information services department. Your post further decouples SQNT from the problem and as an investor in both companies, I hope that SQNT will shine in being a part of the solution.
Regards, Gordon |
