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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (511)	1/16/1999 12:21:00 PM
From: Wright Sullivan	Read Replies (3) \| Respond to of 721

Blankmind- It may be far-fetched (I'm an engineer, not a lawyer), but I got bit to the tune of $4-5000 by buying DSTM early in the morning after the "great news" conference call (which didn't mention writeoffs) but before the release with the writeoff came out a few hours later. Whether or not the lawsuit is "far-fetched", this was EXTREMELY poorly handled from an investor's point of view. IMO, One of two things happened: 1. DSTM knew about the writeoff during the conference call and kept mum about it, instead talking only about all the good news. -OR- 2. DSTM's accountants may have listened to the conference call and changed DSTM's reporting plan over the next 12 hours, leading to the report of the writeoff. These are just guesses, make your own theories. But the report of the writeoff came out of nowhere less than one day after the conference call. Pay no attention to the title of the press release. Look at the earnings numbers. The story is there. Having said all this, I wish the lawyers would just go away. The market naturally corrects this kind of management behavior by punishing the stock price. That's good enough for me. Good investing, Wright