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Technology Stocks : Computer Associates -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (2828)8/2/1998 12:48:00 AM
From: Peter Eicher  Read Replies (3) | Respond to of 5232
 
Yeee hee hee hee. Ha ha ha ha!!!

Haven't stopped laughing in days!!!

OK, Ok, enough gloating. A few things you might want to seriously worry about.

1 - There are nuisance lawsuits that always happen when a company drops a lot in price. What they amount to is that a year after the suit is filed the lawyers say, "Give us $500,000 and we'll go away."

2 - The difference in this case is the ugly paper trail left behind by the CA 3 Stooges. Namely: give yourself a billion dollar bonus. Publicly, repeatedly deny any problems in the business long enough to not only get awarded the options, but to cash in on them. Suddenly -- ooops! -- mention the business has problems.

These law suits may not be all that trivial.

Let's toss in the fact that CA's CFO "retired" a few months ago. Gee, what a coincidence. Maybe he didn't feel like going to jail. Or maybe he just didn't want to be around when the house of cards tumbled down.

And if CA's had trouble getting personnel BEFORE, what happens now, when the value of the employees stock options has just been devastated?

Hey Chuckie, don't say I never warned ya!!!

* Certified as a GENUINE TWIN POSTING **



To: Doug who wrote (2828)8/2/1998 7:34:00 AM
From: Joe C  Read Replies (1) | Respond to of 5232
 
Doug,

The street has an amazingly short memory if earnings continue to grow. However, I agree that we could see further declines. That's why I only started to accumulate rather than plunging in for a large amount as I did on CSCO and more recently on SUNW (which has since declined but which I think is very good for the three to five year time frame). I'll continue to accumulate CA if the stock drifts down - or if it moves up but with a cap of $40.

Joe


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