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To: Kevin McKenzie who wrote (8321)6/12/2000 12:26:00 PM
From: Joan Sherman  Read Replies (3) | Respond to of 9068
 
Laurie Becker of investor relations said all questions will be explained in the conference call 703 924 2435 #4314103
she insisted no one was informed of the shortfall
prior to today's statement. Sorry to all who got burned.
Joan Sherman



To: Kevin McKenzie who wrote (8321)6/12/2000 12:31:00 PM
From: MikeM54321  Read Replies (2) | Respond to of 9068
 
Thread- There is nothing legally wrong with being poor in the communications department. And there is nothing wrong with screwing up and missing their guidance. Both are just a clear sign of ineptness with communicating. Neither of which is illegal. And if indeed, the MASSIVE selloff was related to their CFO missing the conference, this is not illegal either. Just another sign of ineptness in the way it was handled.

What would concern me is who sold before the CFO broadcast he was skipping the conference. That IMO would be suspect. But even an insider statement leaked of that nature, although not broadcast publicly, is still questionable as, "trading on inside information." It's going to be interesting to watch how this unwinds. Kind of an unusual situation.

If they get sued because their CFO missed a conference, then what next? If he spends too much time in the restroom and has a stomach-ache(of which I'm sure he'll have now), should that be broadcast publicly? Or if he misses a plane and the tank stocks 30%. Should they broadcast his missed conference, due to a missed plane, publicly too?

I guess I really don't want to add any further comments about this. Just wanted to get my $.02 off before we get innudated with lawyers broadcasting their ads for plantiffs on the Internet news sources. End of the subject for me. -MikeM(From Florida)



To: Kevin McKenzie who wrote (8321)6/12/2000 12:47:00 PM
From: Riskmgmt  Respond to of 9068
 
The problem with legal action (which is inevitable) is that it only hurts the shareholders
more. Settlements are usually a tiny fraction of losses.


Agree. That is why I said a complaint and request for investigation into leaks by the SEC. As Mike has replied the volume and price drop suggests leaks FMR,AMVESCAP PLC and Morgan owned over 10 million shares each per last report. I'd like to know how many shares they sold and when. Also as Mike suggested this will be my last comment on it.

Ray