SI
SI
discoversearch

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: Tassi who wrote (66216)1/24/2001 1:02:18 PM
From: Anthony@Pacific  Read Replies (2) | Respond to of 122087
 
sell before earnings and keep some for after and sell it on news..thats the only way to play



To: Tassi who wrote (66216)1/24/2001 2:44:18 PM
From: 2MAR$  Respond to of 122087
 
Gateway, Deutsche Telekom, pcOrder.com, And New Era Sued For
Securities Fraud According To Schiffrin & Barroway, LLP



BALA CYNWYD, PA -- (INTERNET WIRE) -- 01/24/01 -- You should be
aware that class action complaints involving the securities of the
companies listed below were filed on behalf of investors by the law
firm of Schiffrin & Barroway, LLP. These complaints allege
violations of the federal securities laws. If you purchased the
securities of any of the companies listed below during the Class
Period, your rights may be affected by these actions. If you wish to
discuss these cases or have any questions concerning your rights or
interests, please contact Marc Topaz, Esq. or Robert B. Weiser, Esq.
at Schiffrin & Barroway, LLP, at 888-299-7706 (toll free) or
610-667-7706, fax number 610-667-7056 or by e-mail at
info@sbclasslaw.com. INC. (NYSE: GTW) (Class Period: 10/13/00 - 11/29
00). The
complaint alleges that during the Class Period, Gateway consistently
proclaimed that the price of its common stock was "undervalued" when
in fact, the Company knew that its growth was slowing and that it had
no chance to meet Wall Street earnings estimates. On November 29,
2000, when the Company disclosed to the public what defendants had
known all along, the market price for Gateway's common stock fell
precipitously, wiping out billions of dollars in market
capitalization in one day

DEUTSCHE TELEKOM AG (NYSE: DT) (Class Period: Anybody who acquired
ordinary shares of DT common stock in the form of American Depository
Shares on or about 5/22/00). The complaint charges Deutsche Telekom
and certain of its officers and directors with issuing a materially
false and misleading Registration Statement and Prospectus (the
"Offering Documents"). Specifically, the Complaint alleges that the
Offering Documents were false and misleading because they failed to
disclose that the Company's profits were negatively impacted by
increasing costs. When the truth about the Company's problems was
revealed, investors suffered devastating losses.

PCORDER.COM, INC. (Nasdaq: PCOR) (Class Period: Purchasers of common
stock of pcOrder.com's IPO or thereafter). The complaint charges
pcOrder.com, its controlling shareholder Trilogy Software, Inc. and
certain of its officers and directors with issuing false and
misleading statements concerning the Company's business and financial
condition. Specifically, the complaint alleges that during 1999,
defendants issued and sold more than $206 million of pcOrder stock in
its IPO and its December Offering. Thereafter, in connection with
the defendants' attempts to allow Trilogy to acquire all of pcOrder,
defendants revealed facts confirming that the registration statements
issued by defendants in connection with the IPO and the December
Offering had been false when issued. The complaint further alleges
that defendants failed to disclose that, contrary to defendants'
statements in the Registration Statements, pcOrder did not possess a
formal business plan to carry out the Company's "strategy;" budget or
expense controls; or an ability to report accurate operating
information.

NEW ERA OF NETWORKS (Nasdaq: NEON) (Class Period: 10/18/00 - 11/21/00).
The complaint charges New Era and certain of its officers and
directors with issuing false and misleading statements concerning the
Company's business and financial condition. Specifically, on
10/18/00 New Era announced record earnings for the third quarter
2000. Subsequently, the Company acknowledged, in an SEC filing, that
the record revenues and earnings for its third quarter 2000 were
based upon the Company's practice of selling software to companies in
exchange for equity and booking the sales as non-cash revenue. This
disclosure caused the Company's stock to plummet over 50% on November
21, 2000.

Schiffrin & Barroway, LLP has extensive experience in prosecuting
investor class actions. Schiffrin & Barroway, LLP has prosecuted
securities, antitrust and consumer class actions for over twelve
years and has been designated lead counsel by federal and state
courts across the country in large, complex cases. For more
information on Schiffrin & Barroway, or to sign up to participate in
any of the above-listed actions, please visit our website at
www.sbclasslaw.com.

Contact: Shareholder Relations Manager , Schiffrin & Barroway, LLP
Phone: 888-299-7706 / 610-667-7706
Email: info@sbclasslaw.com

*** end of story ***