Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: MGV who wrote (361)	4/5/1999 10:59:00 PM
From: k2	Respond to of 1138

enjoy reading your posts. i am not a sophisticated (educated) investor. i am 'long' vrts & lgto. also ntap and emc. but i agree with you. doesn't make sense that vrts is spreading the rumors- that was the story from a lgto source last time. however, will tell you that as of this morning, the lgto source is still saying vrts is spreading rumors. the source downplayed the rumors by stating there will be duplicity of jobs with the recent mergers, and as a result, people will leave. if there were a lot of sales people leaving lgto, it would be well known and the stock would be a lot lower. the latest piece of 'news' to circulate the office was thestreet.com ditty on lgto. bottom line there was lgto should be closer in price to vrts- they have the same mkt cap etc. 12 month target price for lgto was around 90, i think. vrts was 98. on this, we bt more lgto. my only observation is obviously from a 'clerical' perspective: it used to be there would be a lot of buying before the earnings and the stock would really spike up. haven't seen this the last 2 quarters. what the heck is going on? street doesn't like the mergers? or is lgto becoming larger and doesn't have the 'zip' or sexiness of a smaller company able to earn 50%.