Signal Technology (now STCO)- a classic turnaround Message Board

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Technology Stocks : Signal Technology (now STCO)- a classic turnaround

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Nov 7 9:30 AM EST

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To: Paul Lee who wrote (36)	10/1/1998 3:27:00 AM
From: Justice Reed	of 191

Purchasers 4/28/97-8/17/98 Signal Technology Corporation STZ 4/28/97 - 8/17/98 On August 17, 1998, Signal Technology announced that it was restating first quarter 1998 and fiscal 1997 net income due to significant contract adjustments and inventory writedowns, based on underpriced contracts, work in process, excess inventory and other inventory-related issues. The stock price dropped from $4-1/2 to $3-1/2, losing 22.2% of its value in a single day. If you purchased STZ shares during the period 4/28/97 - 8/17/98, you are a member of a class of injured shareholders. If you have information which would help us prosecute Signal Technology Corporation, please contact us at mail@schubert-reed.com. If you want more information about STZ or class action lawsuits, please review our web site at schubert-reed.com.

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