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Non-Tech : E*Trade (NYSE:ET)
ET 16.40+0.2%Dec 17 3:59 PM EST

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To: DD™ who wrote (4995)2/7/1999 12:18:00 AM
From: HIA  Read Replies (2) of 13953
 
No...all these class-action suits are being over-done...BA, LMT, PSFT, TGX, ORCL,...many others...and now internet commerce is being sued...See all the cool civil rights lawyers became product liability lawyers and consumer advocate lawyers...Two examples of the result of that was general aviation aircraft could no longer be manufactured in the U.S. and motorcycle helmets could no longer be manufactured in the U.S. ...funny?

Back to the securities suits...BA DID do a lot of fluff...LMT did not...PSFT acted dutifully like a brokerage analyst in representing its own stock (but the Momentum spin-off IS bull because the spin-off company has unusual contractual bounds...)...TGX did nothing but have a level-off in sales...ORCL just did not forecast the Asia crisis...and so on..

But all these law suits...E-Trade?...Yes they need better contingency back-up plans...but the customers who are losing thousands per day (!) may also be saved in other situations...and they can go to Fidelity and Schwab if their trading is so critical...I would be mad too...but all these class-action suits are very indulgent...
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