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Technology Stocks : Systemsoft Inc. (SYSF) -- Ignore unavailable to you. Want to Upgrade?

To: Hippieslayer who wrote (3130)	3/3/1998 3:33:00 PM
From: Eric Jorgenson	Read Replies (2) \| Respond to of 3529

If successful, the class action suit brought against SystemSoft will transfer wealth from longer term shareholders to short term traders. The law firm handling the suit, as well as traders who purchased shares at $35 and then unloaded them at $17, will receive a cash infusion at the expense of shareholders who've held their shares--and particularly those who bought more after the class period. I find it particularly annoying that the complaint comes only after SystemWizard's viability has been demonstrated beyond question. This increases the likelihood of a strong settlement if the suit succeeds, one that will be funded by the soon-to-be-realized commercial successes of SystemWizard. The suit provides short-sighted traders a capital-free vehicle to participate in the company's successes. It is wrong. Regardless, the complaint is flimsy to say the least, insinuating statements SystemSoft made about its business prospects in general described its SystemWizard business in particular. The suit should be thrown out in my opinion.