SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (15143)8/27/1998 5:16:00 PM
From: KM  Respond to of 42787
 
Judy: I was watching Intel too. Was really hoping for a close over 80, but I had an ultimate downside projection of 78.5 give or take, so I bought some there. Who knows, though, anything's possible.



To: Judy who wrote (15143)8/27/1998 5:42:00 PM
From: Sonki  Read Replies (1) | Respond to of 42787
 
judy, is this long ? or is this for truff?
thx for info on intc. don't talk to me about cpq. u will make me mad <g>... i bot cpq last yr. at 30 and sold calls uncovered the calls
and now it's tanking... lesson: never go long on something u don't belive in.

Bankruptcy trustee sues SAP AG (read yahoo news...couple of news items)

By Reuters, ZDNet

WILMINGTON, Del, Aug 26 (Reuters) - The bankruptcy trustee appointed to oversee the liquidation of FoxMeyer Corp. and Foxmeyer Drug Co. has sued the
companies' software supplier, SAP AG for $500 million for alleged "gross negligence."

In papers filed Monday in the U.S. District Court in Delaware and made available to Reuters today, trustee Bart Brown said SAP's alleged fraud and negligence,
"led to the demise of FoxMeyer, a once-thriving $5 billion wholesale drug distribution company."

According to the lawsuit, although SAP's had historically made software for manufacturing, the Walldorf, Germany-based company, "assured FoxMeyer that its
R/3 system was well suited to the needs" of the high volume and complex price structure of FoxMeyer's distribution business.

Couldn't handle volume
When the R/3 system was installed, its volume limitations made it usable at only six of FoxMeyer's 23 distribution warehouses, court papers said.

"The failure of the R/3 system to perform as SAP had represented...was a significant factor contributing to Foxmeyer's August 1996 bankruptcy and subsequent
liquidation."

According to court papers, on September 30, 1993, FoxMeyer agreed to pay more than $5 million to license SPA's R/3 software system.