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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)
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To: Wright Sullivan who wrote (512)1/16/1999 1:12:00 PM
From: Shane M  Read Replies (2) of 721
 
Wright,

I agree with you that I wish this kind of thing would just go away. I seriously doubt I would ever participate in a class action against a company because the results tend to never compensate the investors, but only make lawyers rich. I've heard several comments by people who've participated in various class actions saying "Yeah, we won the case and I got sheckels while the lawyers got rich." I don't know of anyone who has said "Yeah, I got a good deal out of the class action."

I wasn't involved with DSTM at the time, but I have been involved with less than forth-right(sp?) management. I had a bankruptcy come out of nowhere on one of my investments last year - a subprime lender - Southern Pacific Funding SFC. Did any of their public comments indicate trouble? No. In fact, most comments from the company up until the bankruptcy announcement were positive saying "we're nothing like the others that are having problems." I can only blame myself though, because the risk was there but I thought the subprime lending market was unjustifiably depressed. Live and learn.

I honestly don't know enough to have an opinion on whether DSTM broke the law, but it seems to me the company's business is still on a solid track. Hopefully the business will be strong and stock rise so they'll be able to say if you'd have just held onto the stock you'd be up X% on your investment now.

Shane
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