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Technology Stocks : Data Dimensions -- Ignore unavailable to you. Want to Upgrade?


To: Jumper who wrote (3434)10/31/1997 4:52:00 AM
From: Eric Klein  Read Replies (2) | Respond to of 4571
 
r.e. biz.yahoo.com
<< Stern said that Pinez orchestrated a conspiracy in which Centennial include some $13 million of revenue from phoney sales over a period of 11 fiscal quarters. He said Stern acted with the others in the scheme to defraud investors.

According to the indictment, the scheme, which took place from June 1994 to Decmeber 1996, included false financial performance disclosed in SEC filings, hyped announcements about company activities and non-existent sales contracts.

The contracts were designed to create the illusion of a company prospering with millions of sales, including more than $2.0 million through a fictional product called ''Flash 98.'' Also involved were the production of thousands of dummy computer cards to fool Centennial's outside auditors about the value of the company's inventory and shipment of the cards to accomplices to create shipping records for the fake sales. >>

This sounds like Copytele (COPY). COPY makes DDIM seem like a bunch of pikers. DDIM could take lessons from COPY in terms of nonexistent products and sales announcements.

ARDES just cannot hold a candle to the Magicom!



To: Jumper who wrote (3434)10/31/1997 11:17:00 AM
From: paul aswad  Read Replies (2) | Respond to of 4571
 
Jump, Thought you might enjoy the following article in business week 11-3-97 titled Fidelity Settles its fraud suit...."Fidelity investments ended one of the most serious lawsuits ever to face the mutual fund industry on Oct. 21 by agreeing to pay 10 million to settle a fraud case against Jeffrey Vinik. At issue: whether the former magellan fund manager intentionally misled investors in micron when he made public statements in late 1995 saying he liked the stock while he secretly sold shares. Some attorneys say similar suits could follow."
Sounds rather familiar to the way the pros are playing this little doggy....eh?? or am I just dreaming happy thoughts again???