ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: rich evans who wrote (534)	2/28/1998 6:50:00 PM
From: Rob Preuss	Read Replies (2) of 1250

I'm not sure what to think about this lawsuit... The press release states: "The Complaint charges ACT and certain of its officers with violations of federal securities laws." I would like to know more specifically what violations of what federal securities laws have been charged. I would like to know how it was that this lawfirm came to file this class action lawsuit. [Was this a result of their own initiative or what?] I must admit I'm in new territory here. I'd find it all a fun learning experience if I had only a small investment in ACTM... but I must treat this more seriously. I worry that this could cost the company (and us shareholders) to defend against the lawsuit... on the other hand, I would seem to be one of the folks this suit purports to represent. [Note: According to the wording used in the press release, you may still be a member of the "class" even if you unloaded all your shares before or after 2/25.] Does anyone now what it means to be "lead plaintiff"? Does this mean they haven't got a "lead plaintiff"? Has anyone here been through this before?

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