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8x8 Inc. Message Board

  • duncii duncii Feb 3, 1999 9:52 AM Flag

    Is lawsuit a code word?

    How come I keep reading that eght is not being
    positive about their products and not showing enthusiasm
    for their prospects because they fear investor
    lawsuits? That's a bunch of crap. I see CEO's cooing their
    prospects all the time. A little puffery is not illegal. I
    think the lawsuits thing is way overdone. If these guys
    are afraid to say good things about the company let's
    get a few realtors or used car salesmen in management
    they'll say anything about anything to get the ball
    rolling.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I don't think law suits arise because management
      "coo their prospects". I think they arise when the
      actual results are less than what was cooed several
      months ago.

      Point in case: Theragenics
      Inc.

      This company announced it's quarter results on Jan
      11th. They made 11 cents a share which was 2 cents
      short of estimates. The market for their radioactive
      seeds (to fight cancer) was somewhat flatter than
      management had been projecting.

      Now check this link
      out
      http://biz.yahoo.com/n/t/tgx.html

      Whoaaaaaa Nellie !
      Look at all the lawsuits ! (Some are
      repeats)
      Gotta be at least 10 separate suits filed since Jan
      15th.

      And they all say in the complaint :

      "The
      complaint charges Theragenics and certain officers with
      violations of Sections 10(b) and 20(a) of The Securities
      Exchange Act of 1934 as well as Rule 1Ob-5 promulgated
      thereunder. The complaint alleges that defendants issued a
      series of false and misleading statements concerning the
      Company's business, its products and its prospects for
      future profitability."
      I think we should
      just call the New York Times Financial Desk and
      announce "Blue Horseshoe loves 8X8....." and hang
      up.

      Good luck longs !

      • 2 Replies to marjohn
      • The lawsuits are disgusting. People lose money
        and want someone
        else to be responsible. 'Nuff
        about that.

        Did anyone hear about the decision
        to take effect sometime in March
        regarding the
        release of news to non-internet services BEFORE
        being
        released to internet services?

        The reason?
        Investors with internet access to information which
        is
        likely to effect stock prices have an advantage over
        those without
        internet access.

        Hey it's an
        advantage but is that unfair? Where do we draw the
        line?
        Let's outlaw online quote services. If you want a
        quote
        you'll have to call your broker or look in the evening
        newspaper.

        Roll over Ayn Rand. Give me a break. If you want food
        go where the
        food is. If you want information go
        where the information is.

        How level do we want
        this playing field? How level can we make it?
        When
        we have to handicap some to make the game fair for
        others and
        we spend time thinking up stuff like this,
        something is out of whack.

        Somebody help me. Give me
        a better reason why information should
        be
        delayed.

        Done bitching,

        Tim

      • If every company got sued for missing earnings
        estimates no one would have time to conduct business. Scan
        any list of earnings surprises and you'll find
        companies that missed and some by more than .20 share
        (WPIC). I don't think people stand in line to sue (
        although I'd admit some will sue for anything and you
        can't protect yourself against frivolous law suits).
        That point aside a company has to demonstrate great
        belief in its product and what it is capabilities are
        "it's called selling."

 
EGHT
7.84-0.01(-0.13%)Aug 22 3:59 PMEDT

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