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Technology Stocks : Identix (IDNX)

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To: Page who wrote (5866)	12/21/1997 11:20:00 PM
From: David	Read Replies (1) of 26039

Thoughts on IDX lawsuit settling . . . I think we had a hint of what was to come here when Fowler indicated he thought the set aside would cover all anticipated legal expenses. You can never be that sure unless something is already in the works. And it's easier to understand the insurance companies attempting to cancel the policy last year . . . they could see this coming. We may never find out what the total amount was. But I predict it covered Lerach's legal fees and left a token amount left over for the client. As to the effect on the stock, we saw it wasn't immediately dramatic. It's just one less worry for the analysts, and a slight weight lifted off the bottom line in the next quarterly reports. We'll see dramatic movement in the stock when there is dramatic news, something much bigger than this. It's more interesting to speculate why Fowler settled when he promised not to. Either (a) Lerach had something or (b) he didn't, but Fowler wants a clean slate for the eventual sake of the share price. I don't think Lerach had very much. David Sorry for the untimely remarks, but I was away.

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