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


To: JakeStraw who wrote (1646)6/4/1999 1:30:00 PM
From: Lee Ring  Read Replies (1) | Respond to of 1999
 
Seldom do these suits amount to anything. Look at SHVA after its collapse. They are mainly a nuisance and serve usually to benefit the attorneys unless there indeed was overt wrong doing which is usually not the case when a stock nosedives due to fluctuations in the marketplace.

Question. If CELL were to be considered for a buyout then who would be the potential suitors?

Lee



To: JakeStraw who wrote (1646)6/4/1999 2:51:00 PM
From: Mahatmabenfoo  Read Replies (1) | Respond to of 1999
 
> That depends I guess if you consider them to be productive, or just nuisance suits that benefit the lawyers only...

In the case of class actions against ABH, at least, there appears to be serious and deliberate financial misreporting -- and a system that holds companies accountable by lawsuit seems fair there. But in other cases, it may well be opportunistic attacks that don't discourage bad behavior, and only distract management from their real job.

It's a serious subject, and I don't know the answer.

Is CELL the defendant in any class actions? I have the impression that CELL management is pretty clean, if less successful lately than the marketed recently hoped.

- Charles