I was sure that iD was the most powerful :)
On Fri, 29 Sep 2000, Steve Bernard spake thusly:
> It's all nice and good that, "The company believes that the lawsuits are
> without merit and will vigorously contest these lawsuits and expects to seek
> dismissal at the appropriate time.", but the cash situation being what it
> is, defending even the most trivial of lawsuits only sucks more money out of
> the coffers and creates distractions throughout the company. Although the MS
> case is different, look at how that affected the most powerful software
> company in the world.
>
> Steve
>
> -----Original Message-----
> From: Adrian Cooper [mailto:[EMAIL PROTECTED]]
> Sent: Friday, September 29, 2000 12:47 PM
> To: CF-Talk
> Cc: [EMAIL PROTECTED]
> Subject: Allaire statement on law suits
>
>
> Copied to CF-Talk on the basis that people here will want to know what
> Allaire
> is saying and doing about the the allegements by some shareholders.
>
> FWIW - having studied this entire situation closely for a few days now, I
> conclude, (and this is entirely my own opinion), that these class action law
> suits are a result of:
>
> 1) Sour grapes on the part of shareholders who can't accept the fact that
> the
> value of stocks can go down as well as up.
>
> 2) Opportunism on the part of lawyers - some of whom apparently specialise
> in
> this sort of thing.
>
> Aside from the sell-off today caused by Apple Computer announcements,
> Allaire
> stock has now stablised in a massively oversold state at around $8
>
> Adrian Cooper.
>
> Allaire statement follows....
>
> Allaire Says Securities Class Action Lawsuits Without Merit
>
> NEWTON, Mass., Sep 29, 2000 /PRNewswire via COMTEX/ -- Allaire Corporation
> (Nasdaq: ALLR) confirmed that several purported shareholder class action
> complaints have been filed against Allaire and certain of its officers in
> the
> United States District Court for the District of Massachusetts. In the
> complaints that the company has received, the plaintiffs claim to represent
> purchasers of Allaire's common stock during the period from July 20, 2000 to
> September 18, 2000 (the "purported Class Period"), and seek unspecified
> damages.
> The complaints contain allegations that the defendants allegedly made
> misleading
> statements or omissions concerning the company's performance during the
> purported Class Period. The company believes that the lawsuits are without
> merit
> and will vigorously contest these lawsuits and expects to seek dismissal at
> the
> appropriate time.
>
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--
***********************************************
Jon Tillman
LINUX USER: #141163
ICQ: 4015362
http://www.eruditum.org
[EMAIL PROTECTED]
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Be alert, the world needs more lerts
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