Playing Hammered Stocks for a Bounce, But How? Message Board

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Strategies & Market Trends : Playing Hammered Stocks for a Bounce, But How?

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To: JEFF CHAPMAN who wrote (28)	1/22/1998 12:52:00 PM
From: Instock	Read Replies (2) of 159

Morris and Morris Investigates Sybase Inc. NEW YORK--(BUSINESS WIRE)--Jan. 22, 1998--On Jan. 21, 1998, Sybase Inc. (NASDAQ: SYBS - news) announced the postponement of its release of final results for its fiscal fourth quarter and fiscal year ending Dec. 31, 1997 due to its discovery of improper revenue recognition relating to a number of transactions by Sybase's Japanese subsidiary. Sybase currently estimates that the impact on its revenues will be $60-65 million resulting in a fourth quarter loss in excess of prior estimates and a restatement of revenues for the first three quarters of fiscal 1997. If you have any information about Sybase Inc., please call Patrick F. Morris or Seth D. Rigrodsky at Morris and Morris, toll free at 1-800-296-0410 or e-mail at morrisandmorris@compuserve.com. Morris and Morris, a law firm with a national practice, is located in Wilmington, Del. with attorneys admitted in New York, New Jersey, Pennsylvania, Delaware and Florida. Contact: Morris and Morris Patrick F. Morris/Seth D. Rigrodsky 1-800-296-0410 e-mail: morrisandmorris@compuserve.com Instock

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