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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: James R Mohr who wrote (3140)	8/19/1998 3:51:00 PM
From: still learning	Respond to of 7342

The lawsuit would likely be over withholding material information regarding performance. In other words, if CIEN and/or TLAB knew they might have a shortfall earlier than they told the public (or knew a major order was never going to happen but mislead the public into thinking it would) then -- the theory goes -- they were guilty of creating an unfair playing field. This is especially problematic if any insider sold shares in the quarter. The class action firms try to use that as evidence that insiders sold before the bad news was out. These suits are often very sketchy, and are simply filed whenever there's a large fluctuation in share price. In no way do I mean to imply that there's always a basis for them (or even often a basis). But they invariably get filed come hell or high water.