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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas George Warner who wrote (11917)12/9/1997 8:21:00 AM
From: Glenn D. Rudolph  Respond to of 45548
 
Any fast gun lawyer can file a lawsuit in the HOPES of a quick out of court settlement. Few win. This one will not IMO. T.G.W., Agreed 100% Most of these laywers hope for a few million dollars out of court settlement. They take their third plus expenses and the investor gets squat. The expenese and the third typically end up being more than half. A few lawyers share the half and thousands of investors share the other half. What a deal for the investor LOL:-) Glenn



To: Thomas George Warner who wrote (11917)12/10/1997 4:41:00 PM
From: ben luong  Read Replies (1) | Respond to of 45548
 
>>why would managment want to make decisions that would hurt the price >>of their stock?

It's not that they made the wrong decision. They mislead investors by giving false information about the current business condition of 3COM so they can sell their shares obtained from stock option plan before the truth came out and the stock tumbled.

It is this intention of misleading the public for personal gains that the lawyers are going after.

>>officers and directors own 5.2% of the stock
Oh, really? Where did you obtain this outdated info? Ask Casey Cownwell how many shares he still owned right now.

Even if insider owns 5.2% of outstanding, that's nothing. The CEO alone of Computer Associates still owned over 5% of his company's stock.

>>Any fast gun lawyer can file a lawsuit in the HOPES of a quick out of court settlement. Few win. This one will not IMO.

I will make a bet with you 3COM will lose. The weight of evidence is going against 3COM. Just check out yahoo news about how 3COM claimed the merger had been smooth when in fact it is not. That news release is enough to make the case, not even mentioning about how they manipulated the numbers in their 10Q.