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Technology Stocks : Simulation Sciences (SMCI) -- Ignore unavailable to you. Want to Upgrade?

To: John P who wrote (65)	2/8/1998 9:28:00 AM
From: LPasko	Read Replies (1) \| Respond to of 183

Be careful with this one--there are red flags up, and a potential liability no one has picked up on. As I understand it, there was a substantial secondary offering toward the end of November, well into the fourth quarter. Top insiders Harris, Pfeiffer, and Abrams unloaded a major portion of their holdings in this offering. As someone who practiced as a lawyer in the class action arena for many years, this set of facts very commonly leads to the filing of a class action shareholder law suit--the damages assertable here (as to which the underwriters would also share some liabilty) are very large; could be tens of millions. Just reporting the facts folks; I don't own this one, I haven't sold it short & won't--but the circumstances of that last offering do raise questions.