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Technology Stocks : SFLK -- Ignore unavailable to you. Want to Upgrade?


To: Andrew H who wrote (457)2/8/1999 8:23:00 PM
From: steveK.  Read Replies (2) | Respond to of 1591
 
Andrew-I agree.Also,the press release does emphasize that the SEC has not called this an "investigation".They have referred to it as an "informal inquiry".There's a big difference there.Everyone-read the release again,especially that paragraph.I don't believe there's evidence of wrongful intent and the SEC knows it.This will be over soon.Solid company here.JMHO.Great buying opportunity as well.

Happy Returns-

stevek.



To: Andrew H who wrote (457)2/8/1999 11:00:00 PM
From: SgtPepper  Read Replies (1) | Respond to of 1591
 
<<I doubt the company has done anything wrong.>>

This is similar to the traffic cop who stops one out of 30 cars, all travelling at the same speed. Consider the following "projection", made after the SFLK/SEC news came out, by INSGY's CFO:

"Based on the positive feedback from a number of potential customers who have reviewed Jene, Ambler said he is comfortable with projecting revenue of $40 million in 2000 and earnings of 85 cents a share."

( Message 7690916 )

Why does one company garner the wrath of the SEC prior to the announcement, while another blatant "85-mph" profit projection goes unchallenged?