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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?


To: Jay Lowe who wrote (1172)3/13/1998 12:19:00 PM
From: The Philosopher  Respond to of 5944
 
>>> what the reason for some of the suits is?
>> The reason for the suits is to prop up self-esteem.

Wrong. The reason for the suits is to make money for the lawyers. The __basis__ for the suits is the stock plunged when the company preannounced that earnings would be lower than analysts had projected, and insiders had been selling.



To: Jay Lowe who wrote (1172)3/16/1998 9:00:00 AM
From: Capt. Dennis Shepherd  Read Replies (1) | Respond to of 5944
 
>>The reason for the suits is to prop up self-esteem.
<<

No, I meant the stated reason for the suits, not the implied reason?

Dennis Shepherd - wallstreetweek.com