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Technology Stocks : Microprose, MPRS
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To: Coy Lynn Gullett who wrote (46)1/9/1998 1:47:00 PM
From: Bonzo  Read Replies (1) of 633
 

Class action suit filed this am against GTIS.

>>The complaint charges GT, its chairman of the board and chief
executive officer with violations of federal securities laws. Plaintiff
complains that GT's results, as reported by the defendants, did not
accurately reflect GT's true financial position and results of
operations. The financial results which defendants issued failed to be
reported in accordance with generally accepted accounting principles. <<

I now believe that it was MPRS who put the kabosh on the merger. They
wanted no part of GT's aggressive accounting methods. I Look for MPRS to "bounceback". Unfortunately I am long both :(
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