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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: aliveinsf who wrote (618)	1/20/2000 2:14:00 PM
From: Richard McMorrow	Read Replies (2) \| Respond to of 1138

I may be naive, but is it not possible that since it was Legato's own auditors who caught the "mistake", rather than the SEC, that perhaps the stock selloff was an overreaction? I sold my position in Legato a while back (after the split), and then watched it rise again. I bought back in today; maybe I'm wrong, but the company seemed to have a lot going for it before this quarter. Good Luck all.

To: aliveinsf who wrote (618)	1/20/2000 3:41:00 PM
From: LemurHouse	Read Replies (1) \| Respond to of 1138

Fair enough. I quite agree with your observations re ethics and the need for credible mgt. But I'm quite comfortable assessing these for myself, and will wait to see what, if any remedies they bring to the situation. From what I read they have an issue with pretty strenuous channel stuffing, in addition to their accounting practices. What I would like help in is assessing LGTO's product vs the competition (VRTS?). Care to take a shot at that, and give me your take on LGTO's growth prospects for the current year? Granted, this is difficult under the circumstances, but I'd be interested in your views. LGTO is, after all, trading at an extreme discount to its competition, and so it seems worth the effort of a closer look. Thanks.

To: aliveinsf who wrote (618)	1/20/2000 4:47:00 PM
From: Frank Ellis Morris	Respond to of 1138

Andrew this is one of the most horrifying stories I ever witnessed on any single company. I was a shareholder of this stock and my Discount Broker Olde was screaming for me to buy more shares or at least to hold the position I had. She said that they were gone to report excellent earnings and probably announce a 2 for 1 stock split. Yea right!! I though of selling several times because of an uncomfortable feeling regarding the falling price action in the stock. I wanted to sell at the open on New Years eve but was talked out of it. Finally I said to myself screw this bullshit I am taking control and gone to sell the damn stock. I called my broker and told her to sell the stock immediately and got out at 68 3/4 which was 5 points under what I got it. Had I insited on selling at the open on New Years eve I would have not lost any money. I thought about calling today and asking what the hell happened to the great recommendation. I was told that I would like Legato better than Dell. Dell has not been anything to write home to mom about but I do not think that I like legato better than Dell at this point. Anyway my sympathies to those who got burnt and I do hope for them that the stock will one way or another recover. In all fairness to my broker if I had gotten into Dell when she first thought that I should I would be sitting really pretty today. I guess you win some and you loose some. best Frank