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

To: Chuzzlewit who wrote (4491)	1/30/1999 11:06:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

Well I'm pretty sure they're trying to drum up business and they are not exactly your more prestigious lawfirms. I got an e-mail from one saying if I'm interested, please respond to xyz@aol.com. I mean what reputable lawfirm doesn't have their own website and uses aol? Like I said earlier...the ambulance chasers of the business world. I didn't think Al Duffield got awarded .02 options recently, did he? I thought those were probably from a long long time ago.

To: Chuzzlewit who wrote (4491)	1/30/1999 11:16:00 PM
From: SDNA	Read Replies (1) \| Respond to of 4509

That's what I had in mind when I was reading this letter. I watched a report almost a couple of years ago on how some lawyers live on those suits, they basically hawk news of pre-announcements of bad earnings, or any other significant bad news to go after a company. I hope everyone knows that those lawyers end up making much more money than any shareholder. Add to that the fact that the company will be forced to spend a lot of money fighting off those suits, further depleting their resources, and hurting the bottom line, and those suites (in most cases) are bad news to shareholders, especially the ones still holding the stock.

To: Chuzzlewit who wrote (4491)	1/31/1999 12:31:00 PM
From: RetiredNow	Respond to of 4509

Hey guys, not to rain on your parade, but if you think you'll get anything any time soon or at all, you can forget it. I have lost only about $15K in this stock, which was more than made up for in all the rest of my stocks and mutual funds and am also a part of the suit. However, I am also part of another suit against TLTK, which commenced 2 1/2 years ago, in which I lost $30K to blatant fraud. The difference is in that case the SEC had already convicted, fined, and sent to jail 13 brokers involved for taking stock and money bribes for touting the stock. As of right now, I still haven't seen a penny. So if shareholders don't get recompensed for a right out fraud case, you think any of us will get money back from PSFT for a mere misleading of the public wrt to revenue forecasts? Doubt it. Sorry to be so down on this issue, but I have seen reality and it sux. There is no real justice when it comes to things like this. The best you can do is lick your wounds and try to protect yourself as best you can from it ever happening again.