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To: jeffbas who wrote (6156)3/2/1999 11:00:00 AM
From: Mike 2.0  Read Replies (1) | Respond to of 78478
 
Jeffrey I agree with you wrt shareholder suits in general. There are two types in a nutshell: (1)accounting debacles, in which lawsuits and quite possibly handcuffs are definitely justified; and (2)garbage suits where a company misses by a penny or forecasts difficult future, stock gets a short term haircut, and the bottom shelf legal firms find at least one dufus with a pulse and an odd lot of shares to be the lead plantiff in a phony-baloney lawsuit.

That said, OTOH, I take very seriously suits from angry clients who feel they have been burnt by lofty ERP promises and/or poor implementation. True, in such cases there is often plenty of blame to go around, especially when an ERP vendor signs on an unqualified customer lacking core competencies to make an ERP install successful. But these IMO are the suits to be taken seriously as an investor. As previously discussed on this thread, I welcome more discussion on specific ERP client versus ERP vendor(s) litigation. Cheers...



To: jeffbas who wrote (6156)3/2/1999 8:56:00 PM
From: James Clarke  Read Replies (1) | Respond to of 78478
 
re: shareholder lawsuits. I consider these an abuse by attorneys and as a matter of principal will not respond to them even if I am "entitled". By this logic, somebody who sold Microsoft three years ago should be able to sue for being misled as to the profit potential of the company? These suits violate the basic principal of equity investing - "caveat emptor".
JJC