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

To: gmccon who wrote (1020)	4/26/2000 12:38:00 AM
From: Y. Samuel Arai	Read Replies (1) \| Respond to of 1138

How is it possible for all this to have happened without somebody not doing something that amounts to a crime? It doesn't require a crime to have been committed for a stock to lose its value. Incompetent management could do it; uncompetitive products could do it; there's a multitude of things that can cause a stock to drop (e.g. take a look at OWLD. No crime committed there! They just didn't have a competitive product). And even IF there was a crime committed by someone within the company, you have no basis for labeling all of the corporate officers as "crooks." Don't be so naive. You don't get de-listed for allowing your share price to drop. Legato has not been delisted, nor is it in any danger of being delisted for any "criminal activity." They have only been warned by NASDAQ officials for possible delisting due to failure to file a 10K in a timely manner. That is not a crime. If they were "criminals," then they would have filed a fictitious 10K. They chose to take the most conservative route by withholding the release of the 10K until the auditors have combed through all of their books and counted every penny. But you go ahead and buy some more here, youngster. I think I will, if it gets below $10 again.