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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (4477)	1/30/1999 7:34:00 PM
From: bullw	Read Replies (3) \| Respond to of 4509

This letter was posted earlier on Yahoo. Can anyone give a reasonable probability that what happened to Cendent could happen to PSFT? Market doesn't take kindly to this sort of thing once it sinks in to the big boys. Letter to Lawyers (typo corrected). by: PSFTwatcher (65/F/Boston, MA) 14376 of 14385 To: Cc: InvestorRelations@peoplesoft.com Subject: Class Action against Peoplesoft Date: Saturday, January 30, 1999 1:03 PM Karin E. Fisch, Esq. Maria Criscitiello Abbey, Gardy & Squitieri, LLP 212 East 39th Street New York, New York 10016 TELEPHONE: 800-889-3701 or 212-889-3700 I understand you are representing "plaintiff" in a class action against Peoplesoft for misleading statements about past financials. Certainly this company has defrauded investors and action should be brought against them. You action against Peoplesoft will hopefully result in a cash settlement that will provide the following: 1) Compensation to shareholders who have been wronged by Peoplesoft executives; 2) Teach a lesson to Peoplesoft management who misled shareholders while they sold millions of shares they personally held (including awarding an additional 900,000 shares (via options) to Al Duffield at the absurd price of $0.02/share); 3) Provide compensation to the legal team defending the rights of Peoplesoft shareholders. Please add my name to the class action suit, and let me know if I can help in any way. By providing testimony under oath, or any financial paperwork with regard to stock transactions involving Peoplesoft stock. Thank you for championing our cause and looking out for the best interest of the Peoplesoft shareholders because unfortunately Peoplesoft management is not. Also, please ignore any fellow shareholders that aren't bright enough to understand you are protecting OUR interests. Please do not be concerned with the impact on the current share price. The illegal and immoral activities of the Peoplesoft management team has caused the share price to drop 66% over the past year (before you announced your suit), and there is little you could do to harm it further. So please, teach these people a lesson. Teach them that they ARE accountable to the shareholders.