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


To: Wright Sullivan who wrote (512)1/16/1999 1:12:00 PM
From: Shane M  Read Replies (2) | Respond to of 721
 
Wright,

I agree with you that I wish this kind of thing would just go away. I seriously doubt I would ever participate in a class action against a company because the results tend to never compensate the investors, but only make lawyers rich. I've heard several comments by people who've participated in various class actions saying "Yeah, we won the case and I got sheckels while the lawyers got rich." I don't know of anyone who has said "Yeah, I got a good deal out of the class action."

I wasn't involved with DSTM at the time, but I have been involved with less than forth-right(sp?) management. I had a bankruptcy come out of nowhere on one of my investments last year - a subprime lender - Southern Pacific Funding SFC. Did any of their public comments indicate trouble? No. In fact, most comments from the company up until the bankruptcy announcement were positive saying "we're nothing like the others that are having problems." I can only blame myself though, because the risk was there but I thought the subprime lending market was unjustifiably depressed. Live and learn.

I honestly don't know enough to have an opinion on whether DSTM broke the law, but it seems to me the company's business is still on a solid track. Hopefully the business will be strong and stock rise so they'll be able to say if you'd have just held onto the stock you'd be up X% on your investment now.

Shane



To: Wright Sullivan who wrote (512)1/16/1999 6:59:00 PM
From: blankmind  Read Replies (1) | Respond to of 721
 
On 10/20/98, 4:13 pm, the press release came out, saying... "One-time charges... the acquisition of Computec, totaled $1.1 million..."

- On 10/20/98, 4:30 pm, confer. call held

- On 10/21/98, stock "... Datastream... was washed away today, losing $4 1/8 to $10 after reporting Q3 EPS of $0.20 (excluding acquisition-related charges) versus $0.15 a year ago, which was in line with the Street's mean estimate. However, Hambrecht & Quist lowered its rating on the firm to "buy" from "strong buy"... "

- so if you bought on the morning of 10/21, after the news release & confer call, what's the basis for the lawsuit?

- it appears that DSTM is in the ERP sector, e.g. SAP & PSFT, which got hit; H&Q downgraded; and the stock pulled back. So please explain the basis of the suit?



To: Wright Sullivan who wrote (512)3/18/1999 10:05:00 PM
From: Shane M  Read Replies (2) | Respond to of 721
 
Wright,

I'm still holding my full DSTM position but will likely not add anymore until the concerns about Y2K budget diversion are passing. Alot of companies are signaling that they're having trouble closing deals right now. I probably have enough exposure here given the rising level of uncertainty. If I add more I'll diversify. There's alot of cheap stock in this space right now.

It's good to hear the DSTM sales rep has positive outlook. Do you get the feeling that DSTM should be influenced by Y2K spending concerns?

Shane