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Technology Stocks : Compaq
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To: Dr. David Gleitman who wrote (26300)5/18/1998 6:12:00 PM
From: Andreas  Read Replies (3) of 97611
 
Dear Gleitman,

Here's my opinion regarding the lawsuit. Pure, unmitigated nonsense. Having been involved in numerous class action lawsuits over the years I have learned that 99% of them are nothing more than revenue and profit generators for lawyers. This one involving cpq is unlikely to be an exception. Class action lawsuits are little more than a socialistic and paternal response to some jack-ass that lost money. It's the old whining syndrome. "I lost some money therefore someone should pay". Seldom does it occur to any of these losers that they themselves are responsible for losing money - or that the laws of supply and demand and macro and micro economics have changed the environment resulting in negative cash flows for the investor. The solution? Make the losers in litigation pay the legal costs of the winners. That's the way this problem is handled in civilized countries. As long as these two-bit contingency lawyers are permitted to take a stab at someone's pocketbook without consequences we will all suffer through higher product costs.

As for being annoyed by cpq's performance, guess what? Do you honestly believe that the short term day to day fluctuations of cpq's stock has anything to do with cpq's management? An intelligent argument can be made that cpq is responsible for long-term stock price trends. As for short term - forget it. There are far too many factors out of cpq management's control that influence daily stock prices. For example - the impact of other company news; industry trends; statements by guys like Kurlak; stock option expiration factors; market maker influences; politics among large brokerage houses; analysts covering their asses; microsoft getting their tit in a ringer with the justice department; etc. etc. etc. So don't sweat it doc - the long-term is what matters.

P.S. quick question - why is it that doctors seem so hell bent on letting the world know what they do for a living? I recall recently reading a post from some clown that referred to himself as "cardiologist to be". Give me a break! It would be nice if they would check their egos at the door more often than they do. Happy investing.
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