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Technology Stocks : FVC.Com - FVCX >>> Streaming Video on Net , Compare with

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To: WallStreetTips who wrote (18)4/9/1999 1:47:00 PM
From: Jim Paxton  Read Replies (2) of 31
 
<<I have been disappointed on the timing of FVCX announcement as if they had hold on to this for few more days the stock could have gone above $25 on the Internet Video/Streaming Video mania going on.>>

Hey! The stock was soaring, what was management supposed to do? Wait and let the price go to $25, $30 and then announce and crash further?

More than likely when the price jumped so radically, it forced the hand of FVCX to announce that day in order to prevent a worse situation.

To me it showed some class and responsibility. Bad earnings warnings are never easy, but best to get it done quickly and prevent even larger losses by shareholders.
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