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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Jeffrey S. Mitchell who wrote (6520)6/3/1998 4:59:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 10786
 
Charlotte Observer has a small piece about the Ingram lawsuit:

<snip>

In a suit filed May 22 at U.S. District Court in Charlotte, Alydaar alleges that Ingram Micro Inc. of Santa Ana, Calif., is refusing to pay $700,000 it owes Alydaar for work correcting Year 2000-related date problems in Ingram's computer software. Alydaar also seeks several million dollars in compensatory and punitive damages.

Ingram officials declined to comment. The company has until June 15 to file a response.


<snip>

Full story:
charlotte.com

BTW, I talked to the reporter, David Boraks, who went down to the courthouse to read the filing. In his opinion, "ALYD makes a darn good case".

Frankly, I expected a quick downside as those with weak hands bailed on the news, with a long gradual upside as the facts come out in ALYD's favor and more and more people, ironically, first hear about ALYD because of it. On the one hand I'm worried that ALYD is going up against Goliath here, but on the other hand we're talking about a company in ALYD that has beaten out IBM for contracts, so what them worry, right?

- Jeff
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