Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Unisys: Computer Solutions and Services Worldwide -- Ignore unavailable to you. Want to Upgrade?

To: TechMkt who wrote (2542)	10/28/1999 11:30:00 AM
From: The Duke of URL©	Respond to of 2818

Class action law suits are absolutely necessary to keep companies from lying to their shareholders. Unisys and all other good companies profit in the long run from the requirement that shareholders must be properly advised as to the material changes in company performance, before insiders act on that information. If the suit is groundless, the co does not settle or a JURY of people like you and me, decide. If they decide against the case, it is the lawyers who lose. And trust me on this one, nobody is going to pursue and spend a half a million dollars unless there is smoke there. And where there is smoke there sometimes is fire. That said, I have taken a quick look at the information about the suit and the insider trading cotemporaneous. At first blush, it (the suit) does not look too viable. On a preliminary look, the insiders that sold during the class period did not seem that large and some of them seemed to be of the old guard. Also, it may be that the price drop may have been created by the preferred stock converters, dumping and the most recent conf call. The prob with that is that all the info re the Y2k slowdown has been know in the market for some time, and there is no smoking gun about earnings. Earnings for the subject period were stellar. And its only people that don't hire lawyers, that complain about them. Duke

To: TechMkt who wrote (2542)	10/29/1999 12:02:00 AM
From: HardMoney	Respond to of 2818

I firmly believe that the extra stock available for sale because of the recent preferred conversions is the cause ,IMHO, of the recent plunge in UIS stock, it only magnifyed the drop......the preferreds were mostly owned by institutions.....they had already made tons of mony on the dividends they collected over the years......their conversion price was $29.75.......but with the accumulated dividends some of this stock, bought when the prefferred were cheap junk bonds essentially......some of the fund managers may have a very low cost basis....$0.00-$10.00 Something to think about......the don't belong to those conservative preferred guys.....they are a value and growth play now......and they're whole different set of lunatics. I'm in at 23.25....and feel very good with this LONGTERM investment.....1-2 years. Frank