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Technology Stocks : Accent Softwr (acntf): Addressing Huge Multilingual Mkt? -- Ignore unavailable to you. Want to Upgrade?

To: Greg Butcher who wrote (115)	1/22/1998 8:55:00 PM
From: SteveC	Respond to of 356

Greg, In terms of any class action against Accent, forget it -- Accent itself made a bad deal with the November 1997 investors but committed no fraud and, equally important, Accent does not have sufficient funds to pay for any damages. The group that should be sued and have money, the November 1997 investors, probably owe no duty to investors and consequently could not be held liable. Good luck with your investments.

To: Greg Butcher who wrote (115)	1/22/1998 9:04:00 PM
From: SteveC	Read Replies (2) \| Respond to of 356

I sent following message to Accent's President, Todd Oseth, and received the below response from him today -- From: Stephen Cassidy < >To: Todd Oseth >Date: Thursday, January 22, 1998 3:31 PM >Subject: Investor Relations > >>I've sent e-mail and left a couple of phone messages for Ray, but I >>never received any response from him. Given the collapse in the share >>price, I find it disconcerting that Ray is not responding to investors >>and hope that you will respond to me. Why has the company not issued >>any press release or comment on the share price? If the concern is one >>of potential liability, then Accent could at least say that and describe >>the company's fundamentals. I hope that the year end financial >>statements will be issued earlier this year than last year and wish you >>the best of success in managing the company. Sincerely, Stephen Cassidy >Mr. Cassidy: > >Ray is not responding because he is ill. I hope to hear that he is better >next week. As for your suggestion, it is our policy to announce significant >activities that the company has accomplished. Making an announcement that >talks about stock price is typically not wise for companies, because we do >not control the stock market. Market makers decide how to set the price of >our stock and the market makers have been very unkind. The only thing the >company can do is execute on our business plan and make announcements on >significant business activities. The company does not like the price to be >so low, but the only remedy for the company is to perform. I would suggest >that you only listen to releases from the company because any others are >only fiction. > >Our latest announcement with ALPNET was one of those activities. ALPNET is >one the worlds largest localization companies. They have decided to partner >with Accent. This partnership gives Accent access to worldwide distribution >through ALPNET offices, which is something we could not have afforded or >implemented for a long time, and it is confirmation that our software is the >best in the market ( ALPNET reviewed all other software products before >coming to partner with Accent). It will take us some time to get the ALPNET >organization trained to sell our product but it is well worth the effort due >to the 50 new sales people they have on staff. > >The market for language information technology products and services is one >of the fastest growing markets in the world. In 1997 it grew beyond $2B. >Accent's new direction is trying to exploit this market. Our technologies >are world class, now we must focus on selling our products, which is why the >ALPNET agreement is good for our company. > >Regards, >Todd Oseth