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


To: AHM who wrote (2417)9/7/1998 2:32:00 PM
From: AHM  Read Replies (2) | Respond to of 4634
 
Wexlar - are you next? Just found this on the Tava thread?

By The Associated Press

PORTLAND, Ore. (AP) -- An investment firm is suing the people who posted online messages on a Yahoo! bulletin board accusing managers of incompetence, even though the firm has no idea whom to sue.

Itex Corp. listed 100 ''John Does'' in its lawsuit filed this week in Multnomah County Circuit Court.

In May, somebody using the name ''Orangemuscat'' declared on the Yahoo! online message board that Itex's ''current management is blind, stupid and incompetent.''

The lawsuit charges the author of the message with defaming the company and its president, undermining the confidence of Itex's investors, customers and barter exchange members.

''Orangemuscat,'' ''Investor727,'' ''colojopa'' and other names are listed as defendants ''presently unknown to plaintiffs but whose true identities will be included in amendments hereto when those identities are discovered.''

Donovan Snyder, an Itex lawyer, said it was necessary to sue in order to find the authors of the message, but he declined further comment.

Itex, a barter exchange brokerage, had engaged in a bitter takeover struggle with a rival brokerage, and has faced questions from critics who challenge the way it values its assets. The company previously has turned to the courts to battle former employees and critics.

Yahoo! disclaims all responsibility for the messages that are posted on its message boards.

''We have no way of knowing who some of the people are,'' said John Place, Yahoo's general counsel.

Place said Yahoo's policy is to refuse to surrender any user information unless a court orders it to do so. But even under a court order, he said Yahoo! would have a hard time identifying users.

The case is one of many that are pushing courts to define privacy rights on the Internet.

''I would not want to limit people's ability to post information online,'' said Lois Rosenbaum, a partner at the Portland law firm of Stoel Rives. ''But I would like to see some accountability for what they posted.''

Rosenbaum represented Beaverton-based Epitope in a 1993 case against a man who posted critical remarks about the company on a public bulletin board on the Prodigy online service. In that case, the comments turned out to be from a stockbroker with an interest in driving down the price of Epitope's shares.




To: AHM who wrote (2417)9/7/1998 4:30:00 PM
From: Michael  Read Replies (1) | Respond to of 4634
 
My Friend AHM,
I am one of "Friends of Bill"
I repost an attack another person made against him.
I want Bill to know, who his detractors are.

Sure is a Nice Day,
Michael



To: AHM who wrote (2417)9/8/1998 4:26:00 PM
From: NYBellBoy  Read Replies (1) | Respond to of 4634
 
AHM - I want to go on record that I am a "Wexler Fan". Bill has been right on many occasions way before any "bad news" has come to light.

Why do people think the FASB is making up new rules and regulations? Answer - To curb abuses in the present securities markets. I see Bill as the White Knight who happens to make his money by taking the "irrational exuberance" out of individual stocks that have been hyped and pumped.

:)

Bellboy