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

To: gmccon who wrote (999)4/21/2000 5:57:00 AM
From: Edwarda  Respond to of 1138
 
What I suspect is happening is a complete review of revenue recognition and a probable move to extreme conservatism. From what I have observed of these guys, I think that they want to ensure that this kind of mess never happens again. Unfortunately, they are not saying anything at all so we are left with swirling suspicion.

If there were questions about the company's viability, I don't think that the CPQ announcement would have happened.

BTW, neat grub!



To: gmccon who wrote (999)4/21/2000 9:59:00 AM
From: KevRupert  Respond to of 1138
 
"The company is healthy. It's just a little misunderstanding with the book keepers."

Outrageous summary of recent events! Famous last words.



To: gmccon who wrote (999)4/21/2000 11:56:00 AM
From: KevRupert  Read Replies (3) | Respond to of 1138
 
gmccon, the company's stock price has dropped from $80 to $10; the stock has been delisted; and accusations of fraud have been directed at the sales practices.

Short of bankruptcy, is there anything that would worry you? :)


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