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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: bullw who wrote (4483)1/30/1999 11:03:00 PM
From: david   of 4509
 

it's usual that a company whose stock price gets hammered
gets law suits like this. it's also usual that most
of law suits are finally either dismissed or settled with
some certain cash amount outside court. if psft really believe
they are innocent, they may issue a reply some time next week
saying that these law suits are no merit and hence will defend
vigorously, blu blu...
if a settlement is the final result, then
1) It could take several years to reach a result,
2) most of compensation money will go into lawyers' pcokets
instead of shareholders',
3) most of companies have insurance to cover such kind of
law suits compensation.

BTW, i was a shareholder of ifmx when it got tons of law suits
and never got a reply till now, don't know if i will eventually
get one.

Conclusion: it's your right to join but don't pay too much attention to these BS. it won't hurt PSFT.

d.
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