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To: Glenn D. Rudolph who wrote (451)	5/22/2000 2:42:00 PM
From: Slumdog	Respond to of 57684

Glenn, more re SONE, Complaints charge that S1 and certain of its directors and executive officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. During the Class Period, defendants allegedly issued a series of materially false and misleading statements concerning the Company's business, particularly concerning its acquisitions of FICS, Edify, and VerticalOne. Defendants are alleged to have materially misled investors by misrepresenting that the new acquisitions would "complement S1's product strategy," when in fact (1) the soon-to-be-acquired companies had business models incompatible with S1's and would require significant time and expense to integrate; and (2) defendants knew or recklessly disregarded that S1's margins and revenue from software licensing would be negatively impacted by the acquisitions. As a result, shareholders claim, defendants' false and misleading statements artificially inflated the price of the Company's stock to during the Class Period. The day after the truth was finally revealed, the stock dropped more than $17.85, to close at $41.50, less than one-third of the Class Period high of $133.375 per share.