EVOL has beat, no, make that BLOWN AWAY earnings
for two quarters in a row. Just cleared up a class
action lawsuit. Have marketing agreements with Ericsson
and Hewlett Packard. Do business with Lucent.
All this is very recent (look up news). This one is
truly undiscovered (but picking up). Volume is up this
week and stock is starting to move. I doubt if you'll
be able to touch this one next week under 8.
Do your DD, do it quick, it is definately worthwile.
CBS Marketwatch had an article with EVOL a day ago.
In it, it spoke of EVOL to $10 in 1-2 weeks (also
spoke of their new deals and earnings surprizes). This
one is going to run. Just check it out.
I don't know anything about this lawsuit, but it
may be covered by insurance or their may be other
defendants. If it is by a former partner, they may want back
in. Bottom line is that it probably wont affect the
bottom line for years if at all. Results next week and
the short term direction of the internet sector will
drive the stock price. Probably no earnings; subscriber
growth key. Seasonality is becoming negative and I
suspect that the internet bubble is going to slacken
rather than burst. Since dbcc already has burst, it may
recover as money flees the ridiculously valued ebays,
post. The lawsuit is not a surprise and there is
no need for alarm.
DBC made a good decision
to stay with the internet and not FM. I am sure the
former business partners see all of the cash and BDC's
balance sheet and would like to recover some of their
I suspect that because a lawsuit is not
pending means they may be trying to settle out of court.
As you say litigation can take a long tme.
Furthermore, I don't know the details of the case but if DBC
does lose, I can't envision damages being awarded as
being too great. What would be opportunity cost
associated with FM? Everyone would have lost their shirt.
Again, DBC is prospering and former partners see this as
an opportunity to recover some of their losses.
Would you sue some one who is broke? My opinion.
I really hope investors were not unaware of this.
I also hope there isn't a dash to the
A little DD would have uncovered the
1) Rumors of a European lawsuit have circulated for
some time. I believe the filing was to have been in
2) The SEC requires disclosure of pending
litigation. If litigation is not pending...no
3) No company will comment or speculate on rumored
litigation. Until being served, how can anyone comment? On
what does one comment?
4) DBC has historically
accumulated cash. They have funded acquisitions with cash not
debt. A huge line of credit exists, but is untouched.
5) DBC heads have moved their direct holdings of the
company into trusts...liability protection...a prudent
action for anyone of wealth.
I think we can
safely say that DBC has not been hiding a lawsuit. They
cannot hide anything pending. Without being serve, it
would be plain stupidity to say anything. Is this fair
to investors? Is it fair to investors to comment on
something of which the details are unknown?
would be the impact of the lawsuit? They must pay up
now, right? Any litigation will take years to come to
closure...ask Microsoft. What would be the impact on earnings
in say 2, 3, or 4 years, when settled?
say there is a lawsuit and it concerns the FM
agreements in Europe. Is a cash settlement likely or an
alternative to FM...say for free? Maybe there should be a DBC
Europe! Oops, there is...www.dbceuro.com
are common in business, just as with doctors. They
are filed all the time. People play them out as they
play out. Don't fret.
Another company I know has issues with the
justice department. MSFT have issues with these guys and
they continue to grow why can't DBCC. Good press or
bad press is press.... CORRECT .... Hopefully they
can get in the news and people will check out how
good this company's.
Guys I've looked into Peck's story and confirmed
with the US Dept. of Justice that DBC has been served.
Details for those of you that question
File number: 190-17-98-598 (Lawsuit)
of the office of Judicial affairs: (202)
I think Peck was correct. Why DBC is hiding this is
another story. My sources tell me that DBC has a huge
liability overseas and management is trying very hard to
cover it up. They do this for obvious reasons. I'd also
like to know what's going on. Your input
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"lawsuit" is meaningless. Millions of lawyers are
busy everyday getting their piece. So what? Remember
the big class action lawsuit against AOL? Can you
imagine someone shorting AOL at that time? If a stock is
down on such nonsense: Buy. There is nothing out there
that should worry DBCC investors in that regard. If
someone disagrees, then make a case! Do not just throw
out the L word.