PWAV- the hot new IPO Message Board

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Technology Stocks : PWAV- the hot new IPO

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To: JRobinson who wrote (1279)	8/11/1998 5:33:00 PM
From: Mike Fredericks	Read Replies (1) of 1491

FIrst, lawsuits are covered by insurance. Second, responding quickly to ambulance chasers only gives them credibility. I don't see how responding quickly with a "the lawsuit has no merit and we're going to vigorously defend it" press release gives the lawyers credibility... if anything, they gained credibility when the company failed to respond for like 2 weeks. Look at the YHOO boards and you'll see people really start to wonder if PWAV execs are guilty because they were silent. Then they put out this really weak press release. Sheesh. -Mike (In at avg of $18 & change... down 33+% in 8 weeks.)

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