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.
Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Kashish King who wrote (27711)2/6/1998 2:55:00 AM
From: Marshall  Respond to of 33268
 
Rod, although there were still some formalities involved I believe an agreed settlement of the November 28, 1995 shareholder lawsuit was reached last year. From the 10-K:

<snip>
ITEM 3. LEGAL PROCEEDINGS
--------------------------
<snip>
On July 29, 1997, the Company and the plaintiffs agreed to settle the In re Data Race Securities Litigation. If the lawsuit were settled in accordance with this agreement, the Company's insurance carrier would pay $800,000 in cash and the Company would contribute 10,000 shares of Common Stock. The Company believes that the case is absolutely without merit, and that neither the Company nor any of the other defendants committed any of the alleged wrongdoings. The Company decided to accept the settlement agreement based on the advice of counsel that the costs to the Company of defending the lawsuit could exceed the costs to the Company of the proposed settlement, and based on the unpredictable results of jury trials. The settlement is contingent upon execution of a definitive settlement agreement, U.S. District Court approval and certain other conditions. There can be no assurance, that all such conditions will be satisfied. In the event final settlement is not reached, the Company intends to continue to vigorously defend against the claims made in the lawsuit. The Company is unable, however, to predict the costs to be incurred to resolve the lawsuit in the event settlement is not reached on the terms set forth in the preliminary settlement agreement. The Company is required under certain circumstances to indemnify the named officers against losses incurred as a result of the lawsuit.
<end snip>

Incidentally - the company ended up delivering even more modems to IBM
than were specified in the original contract in question.



To: Kashish King who wrote (27711)2/6/1998 3:05:00 AM
From: TheLineMan  Read Replies (1) | Respond to of 33268
 
Rod, a word of advice -stop using the word "puffery" - it's way to technical for the guys and gals on the thread.
Now, let's get to the point:
You say there are many technically superior methods for Lands' End to implement their telecommuter plan. In fact you posted a few. Please give me a list of pros and cons (totally unbiased of course) so that I can weigh up my investment. Do you think you are capable - I think you are! Go ahead Rodders - make my day (the quote is from Clint Eastwood - I believe).



To: Kashish King who wrote (27711)2/6/1998 7:57:00 AM
From: RWB  Read Replies (1) | Respond to of 33268
 
Rod I have absolutely no knowledge of communication products but BT seemed to me to be a money saver and a convenience. Since copper lines will be around for along time to come. If you look like a fool to me just think what you look like to everybody who knows what there talking about. Your continual puffery on the negative side is getting old especially since IMO you don't have a clue.

RWB



To: Kashish King who wrote (27711)2/6/1998 9:23:00 AM
From: BishopsChild  Respond to of 33268
 
what the heck is puffery.....?
I'm just a simple man.....who's having a simple lost....
which you simply enjoy shiting on........!
Come on man......take a puff off that joint.....
I reckon you've been thinking about it by your......HAHAHAHAHAHHAAAaa!
DR hasnt made any money...GOT IT!
DR hasnt had any significant sales of BT...GOT IT!
BT aint worth shit...GOT IT!
You think there is more hidden crap behind the lawsuit...GOT IT!
so what else is new??? No sense in being a broken record over and over again........OR are you trying to HYPE this stock down?