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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Sharkey who wrote (16114)	5/5/1998 5:53:00 PM
From: Douglas Nordgren	Read Replies (1) \| Respond to of 29386

Patrick, I know people probably try to wrangle free advice from lawyers and doctors, and technicians, all the time, so I won't. But let me ask you if you know of any precedents for shareholders initiating a class action lawsuit against a competitor's unsubstantiated claims and perhaps damaging press with regards to a competing product? There are Truth in Advertising standards for commercial advertising, but are there Truth in Press Release strictures? Does the fact that Brocade is privately held really mean that they can lie through their teeth and actually get away with it? I know they're not supposed to lie to their own shareholders, but what if they lie about a publicly held competitor's products? Would the shareholders of that publicly owned & traded company that may incur damage by such lies then have legal recourse, even if it is only to achieve a "cease and desist" order? What do you think? Would a lawyer even want to take on such a case if there was little likelyhood of a monetary settlement, just satisfaction? Do they even consider such things?<g> Douglas