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Technology Stocks : KLA-Tencor Corporation (KLAC) -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (1396)4/14/1999 11:02:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 1779
 
Justa,

What we need is the lawyer that extracted $50M from Lerach's pocket and those of his partners. The WSJ story indicated that they had no liability insurance.

Sounds like they were a little cocky this time in believing that they would always be "above the law".

Webdrone,

There's absolutely nothing to stop someone from attempting to put a shareholder resolution on the next proxy. ... and it just might pass. I doubt it.

Giving KLAC's past behaviour, I would fully expect them to ignore any gentle suggestions from the SEC as well.

FWIW,
Ian.



To: Justa Werkenstiff who wrote (1396)4/15/1999 6:07:00 PM
From: Math Junkie  Read Replies (1) | Respond to of 1779
 
The trouble with class action lawsuits is that the lawyers get rich, and the members of the class get crumbs.

Disclaimer: I work for the company. I don't represent the company, and am speaking solely on my own behalf. And I would feel the same about suits against any other company I hold stock in. I just don't think that most shareholder lawsuits create value for the shareholders.


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