Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (10975)	8/24/2000 8:23:16 AM
From: John Carragher	Read Replies (1) \| Respond to of 17183

Dow Jones Newswires Legato Systems Up 17%; Company Has No News Dow Jones Newswires By Kathy Chu Of DOW JONES NEWSWIRES NEW YORK -- Battered shares of Legato Systems Inc. (LGTO) got a 16% boost Wednesday as investors snapped up a stock that some observers saw as undervalued. An analyst said Legato may have reached a bottom, having fallen so far that investors now see it as a bargain. Legato lost 90% of its value in 2000 to hit a 52-week low of $8.13 on Aug. 17. The eight-month-long slide came amid earnings restatements that began in January and continue to dog the company. Long-standing rumors of a takeover by EMC Corp. (EMC) also resurfaced Wednesday and circulated on Internet message boards. A Legato Systems spokesman said he wasn't aware of any news releases Wednesday. He declined to comment on the rumors, as did a spokesman at EMC.