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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (2075)	8/22/1998 5:17:00 PM
From: Gotham Guru	Respond to of 4634

Bill, maybe AVP is still worth shorting? you predicted a 20 % haircut when it was 77, so 62 could be possible? Instigator

To: Bill Wexler who wrote (2075)	8/24/1998 10:34:00 AM
From: okey	Respond to of 4634

for everyone who is short ENVY..... Shareholder Files Suit Against Envoy Corp. (ENVY) And Its Officers Alleging Misrepresentations August 21, 1998 4:47 PM EDT PHILADELPHIA, Aug. 21 /PRNewswire/ -- Counsel for Class Plaintiff, Barrack, Rodos & Bacine, today issued the following: A class action has been commenced in the Middle District of Tennessee on behalf of all persons who purchased or otherwise acquired the common stock of Envoy Corp. (Nasdaq: ENVY) ("Envoy" or the "Company") between February 12, 1997 and August 18, 1998, inclusive (the "Class Period"). The complaint charges Envoy and certain officers and directors of the Company during the relevant time period with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, issuing to the investing public false and misleading financial statements and press releases concerning Envoy's operating results. Because of the issuance of a series of false and misleading statements, the price of Envoy common stock was artificially inflated during the Class Period. The plaintiff seeks to recover damages on behalf of all persons who purchased or otherwise acquired the common stock of Envoy during the Class Period. He is represented by the law firm of Barrack, Rodos & Bacine, which has extensive experience in prosecuting investor class actions involving financial fraud. Barrack, Rodos & Bacine has prosecuted securities, antitrust and consumer class actions for over 20 years. The firm has offices in Philadelphia, San Diego, New York, Boston and New Jersey and has been designated lead counsel by federal and state courts across the country in large, complex cases. For more information about Barrack, Rodos & Bacine, please visit their website at www.barrack.com. If you are a member of the Class described above, you may, no later than October 19, 1998, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact the Shareholder Relations Manager at Barrack, Rodos & Bacine, 3300 Two Commerce Square, 2001 Market Street, Philadelphia, PA 19103, at 800-417-7305 or 215-963-0600, fax number 888-417-7306 or 215-963-0838, or by e-mail at barrack@ix.netcom.com. SOURCE Barrack, Rodos & Bacine c PR Newswire. All rights reserved.

To: Bill Wexler who wrote (2075)	8/24/1998 11:07:00 AM
From: CatLady	Read Replies (3) \| Respond to of 4634

CyberGuard Corporation Announces Significant Corporate Events Business Wire - August 24, 1998 10:24 FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 24, 1998--CyberGuard Corporation's (NASDAQ:CYBG) Audit Committee today announced that due to a review of its revenue recognition policies relating to distributors and resellers, the Company will restate financial results for its third fiscal quarter ended March 31, 1998. CyberGuard currently estimates that the magnitude of the restatement is on the order of $2.5 million. It is expected that most of this restatement will be reflected in the third fiscal quarter results, but there is a possibility that some portion of this amount would be reflected in a restatement of the first and/or second fiscal quarter. Expectations for fourth fiscal quarter revenue will also be impacted negatively due to the application of these software revenue recognition policies related to distributors and resellers. The Company today also announced that a Special Committee consisting of its four outside directors has assumed executive control of the Company. Mr. Shelly James has been appointed Chairman of this Committee and has been named acting Chairman of the Board of Directors. In addition, the Company announced that Mr. Robert Carberry, chairman and chief executive officer, and Mr. Bill Murray, chief financial officer, have been temporarily suspended from management pending the completion of the Special Committee's review, and that Mr. Brad Lesher, vice president of international sales, has announced his retirement. CyberGuard also announced that KPMG Peat Marwick LLP (KPMG) had unexpectedly resigned at close of business on Friday August 21, 1998 as CyberGuard's independent auditors. The Company is reviewing the situation and stated that it is considering legal action against KPMG. The Company is presently seeking new auditors to complete the audit for the fiscal year ended June 30, 1998. CyberGuard is currently seeking an additional source of capital for the Company's operations. Slow payments from customers (principally Asian) and the recent events described above have placed significant pressures on the Company's liquidity. About CyberGuard CyberGuard Corporation (NASDAQ:CYBG) is a leading provider of enterprise security and electronic commerce solutions to Fortune 1000 companies and governments worldwide. CyberGuard's award winning, industrial-strength firewall and certificate authority products and services protect the integrity of data and applications from unauthorized access. CyberGuard's newly acquired professional services subsidiary, Arca Systems, provides unparalleled security consulting expertise and conducts independent trusted product evaluations on behalf of the US Government's National Security Agency. The company has world headquarters in Ft. Lauderdale, Florida and branch offices worldwide. More information on CyberGuard Corporation can be found at cyberguard.com and tradewave.com and arca.com Forward Looking Statements Statements regarding estimates and future prospects contained in this press release are forward looking statements. These statements are based upon assumptions and analyses made by the Company in light of current conditions, future developments, and other factors the Company believes are appropriate in the circumstances, or information obtained from third parties, and are subject to a number of assumptions, risks and uncertainties, including without limitation, further review of the Company's financial statements by the Special Committee, by newly-engaged auditors and a review of the Company's internal management procedures. Readers are cautioned that forward-looking statements are not guarantees and that actual results might differ materially from those suggested in the forward-looking statements. CONTACT: CyberGuard Corporation, Fort Lauderdale Shelly James, 954/958-3900