SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : RadiSys Corp
RSYS 1.720+0.6%Dec 11 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jeff w day who wrote (448)2/25/1997 9:52:00 AM
From: SHGLaw   of 1472
 
Jeff, the CFO's stint at P/W doesn't indicate anything to me one way or the other. P/W isn't a mom and pop organization. It is commonplace amongst professionals and clients to find someone whom you personally like and can work with a hire him away. But P/W isn't going to fudge the numbers because their reputation (and income) is derived world wide, not just from Rsys. It ill behooves them to be involved in a scandal or to have their reputation as independent auditors smeared.

As regards the lawsuit, it resolution is far off. The more significant point would be whether the SEC (who's charged with protecting the public from the charges levied by the individual) would announce something. A key point here is that the SEC has not announced anything about an investigation. Rather, Rsys announced in response to the release about the suit that it had offered the SEC access and documentation. While I haven't written about this before, it plays a key role in my mind that Rsys played the SEC card. Why? Because federal agencies can either be your best friend or worst enemy. If Rsys is in the right, then enlisting the SEC to reach a conclusion that favors Rsys will serve to disprove the allegations raised against the company. In other words, you have one individual (who is seeking monetary damages and therefore has a pecuniary interest in making allegations) versus a government agency with no interest in either harming or helping the company. If the agency comes up empty handed, then the individual's claims are denigrated and the company's are bolstered.

SHG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News