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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?


To: Jan A. Van Hummel who wrote (7565)11/7/1997 4:15:00 PM
From: Rob C.  Read Replies (1) | Respond to of 14577
 
Jan,

Lawsuits are for crybabies...they only benefit the attorneys. Why does'nt everyone stop bitching, vote GJ out and start the company on the right track.

Regards,

Rob



To: Jan A. Van Hummel who wrote (7565)11/7/1997 4:25:00 PM
From: Tom Terf  Read Replies (1) | Respond to of 14577
 
Management knew that by issuing the "accounting error"
garbage they would be getting sued by the shareholders.

They did it, however, to cut their legal losses. Crimminal,
that is. If the SEC gets a hold of this, it will now
be easier to wedge their way out of crimminal stuff since they
were upfront, they believe.

That is their hope, of course.

The civil stuff from the vulture lawyers was a foregone
conclusion.

However, the civil proceedings could demonstrate
probable cause relative to intent. If this happens, the
FEDs may be forced to step in, if it has not already occured
sooner.

I would not be surprised if some of us injured shareholders
(and mutual FUND MANAGERS who were hung out to dry)
don't petition the FEDs to look into this matter independent of
the suit..

The 10Q filing which the Company has advised
will describe this ordeal in detail, may also be the
catalyst.

That's the biggest danger legally going forward for
both the Company, its deceptive managers .. and us, the
poor shareholders.