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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Kern who wrote (4751)3/17/1998 5:42:00 PM
From: Diamond Jim  Respond to of 6980
 
It was obvious this information(lower earnings) was leaked to the bigger houses so they
could dump their shares at higher prices!
--
Its called Business as usual. Love, the ANALysts

jim



To: Dennis Kern who wrote (4751)3/17/1998 5:59:00 PM
From: Jurgen  Respond to of 6980
 
Dennis,

you're right: it was obvious, you knew it. Why did you not use the information ? The chart told the story.

For example, i posted on March,7 (never got an answer)

(https://www.siliconinvestor.com/readmsg.aspx?msgid=3643085)
...Bay has been under distribution for one week now. The chart looks bad. The pattern is similar to CPQ. An earnings warning wouldn't surprise me. But i hope it's just "nervous nellies" dumping the stock. Or is "smart money" heading for the exits ? ...


Jurgen



To: Dennis Kern who wrote (4751)3/17/1998 6:17:00 PM
From: alex pierson  Respond to of 6980
 
Shareholder lawsuit may make us feel good for a moment-but the straight dope is that just the lawyers win. Either you are suing
yourself, or if you sell the shares, you are suing the poor guy you just sold em to cause the company is the shareholder's anyway. Either way you get almost nothing, and it takes time from management trying to make something good happen...maybe you were just conjecturing anyway...but having seen too many of these suits in the past, I get paranoid that someone may go ahead and do it just from having read your post..



To: Dennis Kern who wrote (4751)3/17/1998 7:39:00 PM
From: Wallace Rivers  Respond to of 6980
 
Class actions are WORTHLESS to everyone except the lawyers. IF (BIG if) you win, you in the process divert mgmt.'s attention considerably, IMO in the process diminishing enterprise value of the co.
And, you would be lucky if you reaped fifty cents on the dollar years later...a total waste. And, in this instance, I feel mgmt. did nothing improper.