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

To: Chuzzlewit who wrote (918)	4/3/2000 12:15:00 PM
From: Robert Hughes	Respond to of 1138

Good post. The 15% yoy is the biggest long-term bad news imo. It still puzzles me that the CFO has not been removed. That should have been the first move 3 mos ago. This latest stock drop may really hurt future operations. Key people are going to leave for two reasons. Options are worthless at this point, and there are too many alternatives available to them where they do not have to be ashamed to tell their friends where they work. It should be a headhunter frenzy, today. shame on me. The stock price had taken me back into the black last week. Now, 50% under again. OUCH! I always respect your posts. Keep up the good work.

To: Chuzzlewit who wrote (918)	4/3/2000 2:43:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 1138

by a stroke of luck, I sold all my shares friday at 44 3/8. My condolences, all. I wouldn't touch this stock with a ten foot pole now. Something crooked is going on, or incompentent, at the very leasst. all the best jhg

To: Chuzzlewit who wrote (918)	4/3/2000 6:24:00 PM
From: Y. Samuel Arai	Read Replies (1) \| Respond to of 1138

Since I missed the last "buying opportunity," I picked some up today at 20 7/16. I may buy more if it continues to slide (barring any more very negative news...)

To: Chuzzlewit who wrote (918)	4/3/2000 11:19:00 PM
From: A. Wayne	Respond to of 1138

Chuz, I was out most of the day, away from financial news. So, had 29 posts to catch up on. I have to join the camp of oversold folks and will pick up some more tomorrow and average down my cost basis. Kind of sorry I opened my big mouth the other day. Wayne

To: Chuzzlewit who wrote (918)	4/8/2000 3:50:00 PM
From: Edwarda	Respond to of 1138

Chuzz, I must be losing it! I never answered you! I do apologize. The shortfall for the quarter is $16 to $18 million from expectations.

To: Chuzzlewit who wrote (918)	4/15/2000 5:55:00 AM
From: Y. Samuel Arai	Read Replies (1) \| Respond to of 1138

OT: Chuzzlewit: You haven't posted in a while...are you still around? Do you see any compelling BUYs now? Thank you! :-) Sam

To: Chuzzlewit who wrote (918)	4/17/2000 9:48:00 AM
From: Edwarda	Read Replies (1) \| Respond to of 1138

Legato Delays 1999 10-K Filing MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 17, 2000--Legato Systems, Inc. (Nasdaq: LGTO), a worldwide leader in enterprise storage management software, today announced it will delay the filing of its 1999 Form 10-K with the Securities and Exchange Commission pending completion of the audit of its fiscal 1999 financial results. While the Company had previously anticipated it would file its 10-K by April 14th, the evaluation of transactions throughout fiscal 1999 by the Company and its independent auditors has not yet been completed. It is the Company's objective to complete this review over the next several weeks. As a result of its ongoing investigation, the Company will delay the release of its financial results and teleconference briefing for the first quarter of fiscal 2000, previously scheduled for April 26, 2000, until it has filed its Form 10-K for fiscal 1999. This press release contains forward-looking statements about the Company's revenue recognition and financial results for all quarters of fiscal year 1999, the investigation that is being conducted and the Company's plan to finalize and file its Form 10-K for fiscal 1999. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially. The Company and its auditors may determine that further accounting adjustments should be made for the transactions currently being evaluated. The Company and its auditors may review additional transactions and determine that further accounting adjustments should be made. The Company and its auditors may review transactions that occurred during the first quarter of fiscal 2000 or otherwise make accounting adjustments that could cause first quarter 2000 revenue to differ materially from the estimated range that the Company disclosed on April 3, 2000. About Legato Systems Legato Systems, Inc. (Nasdaq: LGTO), is a worldwide leader in the enterprise storage management software market. Helping companies leverage business-critical, corporate data assets, Legato's products and services enable information continuance, a seamless approach to the movement, management and protection of data throughout an enterprise. Founded in 1989, Legato's storage management software products have become the recognized industry standard with the largest installed base representing over 65,000 customers. Legato's products are available through a network of Legato-licensed resellers, integrators and OEM partners. Legato's corporate headquarters is located at 2350 El Camino Real, Mountain View, CA 94040. Telephone: 650/210-7000. Note to Editors: Legato Systems, Inc. and Legato logo are registered trademarks of Legato Systems, Inc. in the U.S. and/or other countries. All other product, trademark, company, or service names mentioned herein are the property of their respective owners. -------------------------------------------------------------------------------- Contact: Legato Systems Stephen C. Wise, 650/210-7102