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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: donjuan_demarco who wrote (61052)	10/20/2000 8:06:26 PM
From: StockDung	Respond to of 122087

Sagent, Donaldson Lufkin Sued By Investor for Securities Fraud San Francisco, Oct. 20 (Bloomberg) -- Sagent Technology Inc. and the investment banking firm Donaldson, Lufkin & Jenrette are being sued by a shareholder for allegedly misrepresenting the software maker's prospects in order to boost its stock price. Sagent shares fell 60 percent in April after the maker of information-management software said it had missed analyst estimates for first quarter revenue and earnings. The shares have dropped from a 52-week high of $44.88 in March to $3.19 today. The suit, by shareholder Robert Casey II, claims Donaldson, an underwriter of Sagent's 1999 initial public offering, published misleading research reports that created a false impression about the company's success and competitive advantages. Neither New York-based Donaldson nor analyst Joseph Farley, who prepared the reports at issue, could immediately be reached for comment. ``We will deny all the allegations vigorously,'' said Sagent spokesman David Eliff. ``We don't think any of them have any relevance whatsoever. We consider it a frivolous lawsuit.'' The suit, filed today in a federal court in San Francisco, seeks unspecified damages. It was filed by the law firm Milberg Weiss Bershad Hynes & Lerach of San Diego. Shares of Mountain View, California-based Sagent rose 38 cents to $3.19 on the Nasdaq Stock Market. Shares of Donaldson fell 6 cents to $89.50 on the New York Stock Exchange. Oct/20/2000 19:39 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: donjuan_demarco who wrote (61052)	10/21/2000 9:09:42 AM
From: sommovigo	Read Replies (1) \| Respond to of 122087

Don Juan, The overall intermediate trend is still extremely bullish. Looking at the chart, though - looks like 'dark cloud cover' confirmed. Short term seems to indicate a reversal.