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 : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (13469)	2/20/2000 1:57:00 PM
From: Kory	Read Replies (2) \| Respond to of 14266

You have a strange prospective on lawsuits. Of course it is bad for the company if they have to pay out settlements. The only ones who win are the lawyers and those that have already sold who will possibly get money they would not otherwise get. Continued holders of the company will get nothing if they didn't buy during the preceeding 3 months. These are the people that the company is run for, who will have money taken away from them just because a bunch of traders and lawyers feel they have been wronged. That said, this lawsuit is pretty weak. Just because you are pissed and have lost money does not give you a right to go after the company. The company officers would have to had breached laws or fiduciary duties to warrant the lawsuit. You argue against the only point that the lawyers make. The entire lawsuit is about insider selling, which was not predicated by any news release and was normal procedure over the past several years. I agree this was nothing wrong and therefore the lawsuit fails. Your argument about the January 7th press release is not even mentioned in the lawsuit. In fact, the price of the stock was already around $24 when THQ released that press release, when most of the stock price drop had already happened. While I have already said that I don't like THQ issuing such releases, the company has stuck by its 20% earnings growth for Y2K. There was nothing factually untrue in that release, and there is no evidence that THQ officers traded stock after that press release. The market better get used to having such losses, because there is going to be some major hurt when the Nasdaq bubble bursts. This is not the fault of companies, but of overzelous gamblers who no longer buy companies but instead simply pile on stocks with upward momentum, who overextend themselves on margin, and who no longer base stock prices on reasonable earnings multiples and risk. Kory