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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (2447)	12/5/1998 6:39:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 81137

You should email your local newspaper... and I'm sure they will get a big laugh out of it. "any chance of a goldbug class action suit against the federal reserve, for aiding in conspiracy to disrupt free market forces? I know, we'd lose the case, but we'd get the press." The only press you'd get would be:"and some naive investors believe that we participated in a conspiracy to cover the feds inability to support markets by spot gold manipulation." This conspiracy about GOLD being controlled by the US FED, CB'S or big international Banks is bull. No proof has ever been given, anywhere. Consider this. IF LTCM and others where pushing the price down, and holding it down, than any other SMART hedge fund could jump on and break that downward pressure. Yet CB have been selling all along. WHY? Cause the assets are non performing, and nolonger required. Most ECB's need to meet debt requirements, and thus need to sell GOLD. Certain lenders now see an ending of sales in Jan 99, so they wish to divests their allocation of gold lending. Merrill and UBS may have lent out to much to the wrong people, but that comes from failure on their part to require proper capital requirements. People still think that many of the oil producers artifically keep prices high, and thus gas prices high. But as of late we can see that that is pure bunk too? It is primarily those whom own gold, or gold shares that fall for this sort of conspiracy on gold. But when I owned Barrick last year, I knew of these conspiracies. But I never concidered them true... and still don't. Show me 1 ounce of proof, that's all I ask. Don't think you can ever. And that is why there are so mnay people that never take the oppurtunity to sell, and that is why they have stagnate earnings. Some day soon, you'll wake up to find a totally demontarized gold, and you holding none performing gold shares that are tied to such currencies as the Indian Rupees, and not the USD, EMU, or GBP. Gold shares, should be traded and never horded. With all the bad Karma going around in the world, why is it that gold is performing so badly. "Gold-bugs" say: conspiracy, the gold trader says: economical growth! If deflation is/was the most pronounced economical trend going, and the US FED starts pumping, than you are still 6-8 months away from any inflation showing. And in between comes GROWTH! If as inflation hits 2.5%, you can still expect the US FED to raise rates. Either way, gold can be mitigated by monetary policies. But hey, let's promote the conspiracy... that's what SI is for. Maybe you can explain why the ABX and the XAU was up Friday, and NEM down {I've hinted to it earlier this week}?

To: m.philli who wrote (2447)	12/7/1998 1:44:00 PM
From: J.E.Currie	Respond to of 81137

M.Philli & Others, RE:https://www.siliconinvestor.com/readmsg.aspx?msgid=6695110 The idea of a class action suit, or even the threat of, presents no negative recourse as I see it. Seems that many positive opportunities might present themselves would some firms get involved. Submitted below are three firms that are instrumental in Class Action. I am not a lawyer biz.yahoo.com Berger & Montague, P.C. Files Shareholder Class Action Suit Against Cylink Corp. (Nasdaq: CYLK) PHILADELPHIA, Nov. 25 /PRNewswire/ -- Cylink Corp. (Nasdaq: CYLK - news; ''Cylink'' or ''the Company''), two of its senior officers and a director engaged in securities fraud according to a class action filed today in the United States District Court for the Northern District of California by the law firm of Berger & Montague, P.C. The case is filed on behalf of all persons who purchased Cylink common stock between November 10, 1997, and November 5, 1998 (the ''Class Period''). The Complaint alleges that defendants issued false and misleading statements during the Class Period about its reported revenues and earnings as well as the Company's financial controls. Specifically, the Complaint alleges that defendants materially overstated the Company's revenues and earnings for the first two quarters of 1998. In that regard, the Company announced on November 5, 1998, that a preliminary review by independent accountants indicated that the Company's revenues for the first two quarters of 1998, as previously reported, were overstated by approximately $5.0 million and $6.7 million, respectively and that substantial operating losses were expected to be reported for each of the Company's first three quarters of 1998. Additionally, the Complaint alleges that throughout the Class Period defendants failed to disclose the improper nature of its revenue recognition practices. Cylink stock traded as high as $15-7/8 during the Class Period and closed at $3-11/16 on November 5, 1998. Plaintiff alleges that defendants' misleading statements about the Company's financial results and financial controls artificially inflated the price of Cylink common stock. Plaintiff seeks to recover damages suffered by Class members and is represented by the law firm of Berger & Montague, P.C. The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience in representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries in excess of two billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Waste Management, Inc., Sunbeam Corp. [NYSE:SOC - news], and Boston Chicken, among others. For more information about Berger & Montague, P.C., please visit its home page at home.bm.net. If you are a member of the Class described above, you may wish to join the action. You may move the court to serve as lead plaintiff on or before January 5, 1999. If you would like a copy of the Complaint, or if you would like to discuss this action, or have any questions concerning this notice or your rights with respect to this matter, you may contact Sherrie R. Savett, Esq. or Jeanne A. Markey, Esq., Berger & Montague, P.C., 1622 Locust Street, Philadelphia, PA 19103. SOURCE: Berger & Montague, P.C. More Quotes and News: Cylink Corp (Nasdaq:CYLK - news) Sunbeam Corp (NYSE:SOC - news) Related News Categories: retail biz.yahoo.com Attention Cylink Corporation Investors; Shareholder Class Action Update by the Law Firm of Abbey, Gardy & Squitieri, LLP NEW YORK, Dec. 5 /PRNewswire/ -- Notice is hereby given that a class action lawsuit was filed against Cylink Corporation (Nasdaq: CYLK - news) and certain of it officers and directors for violations of the federal securities laws. If you purchased Cylink Corporation stock between April 23, 1998 and November 4, 1998, you may, not later than January 5, 1999, move the court to serve as a lead plaintiff of the class action seeking to recover damages on behalf of all similarly-situated purchasers of Cylink Corporation stock, excluding the defendants and their affiliates. In order to serve as a lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please CONTACT: Mark C. Gardy, Esq. Stephen J. Fearon, Esq. Abbey, Gardy & Squitieri, LLP 212 East 39th Street New York, New York 10016 TELEPHONE: 800-889-3701 or 212-889-3700 FAX: 212-684-5191 E-MAIL: sfearon@a-g-s.com - or - James Jay Seirmarco Abbey, Gardy & Squitieri, LLP 595 Market Street Suite 2500 San Francisco, California 94105 TELEPHONE: 415-538-3725 FAX: 415-538-3775 E-MAIL: jseirmarco@a-g-s.com SOURCE: Abbey, Gardy & Squitieri More Quotes and News: CYLINK CORP (Nasdaq:CYLKE - news) biz.yahoo.com Milberg Weiss Announces Class Periods for Purchasers of BankAmerica, CKS Group, Cylink, FirstPlus Financial Group, HealthSouth, K-Tel International, and Oakwood Homes SAN DIEGO--(BUSINESS WIRE)--Dec. 4, 1998--Milberg Weiss Bershad Hynes & Lerach LLP. Notice to purchasers of the following securities for the following class periods: CORPORATION CLASS PERIOD BankAmerica Corp (NYSE:BAC - news) 08/04/98-10/13/98 CKS Group Inc. (NASDAQ:CKSG - news) 03/20/97-11/07/97 Cylink Corp. (NASDAQ:CYLKE - news) 03/16/98-11/04/98 FirstPlus Financial Group Inc. (NYSE:FP - news) 08/19/96-11/02/98 HealthSouth Corp. (NASDAQ:HRC - news) 08/12/97-09/30/98 K-Tel International (NASDAQ:KTEL - news) 10/27/98-11/17/98 Oakwood Homes Corp. (NYSE:OH - news) 04/11/97-07/21/98 You should be aware that class action complaints involving the securities of the above companies were filed on behalf of investors by the law firm of Milberg Weiss Bershad Hynes & Lerach LLP (''Milberg Weiss''), often in cooperation with other major experienced securities firms. If you wish to discuss these cases or have any questions concerning these cases or your rights or interests, please contact: William S. Lerach, Alan Schulman or Darren J. Robbins of Milberg Weiss/California at 800/449-4900 or via e-mail at wsl@mwbhl.com. Milberg Weiss is a 120 lawyer firm that has been actively engaged in commercial litigation, emphasizing securities and antitrust class actions, for more than 30 years. The firm has offices in New York, San Diego, San Francisco and Los Angeles and is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For more detailed information about the firm you may visit our website at milberg.com. Contact: Milberg Weiss/California William S. Lerach, Alan Schulman or Darren J. Robbins 800/449-4900 e-mail: wsl@mwbhl.com