[105476] in Cypherpunks
Re: Cylink Sued for Stock Fraud
daemon@ATHENA.MIT.EDU (Steve Schear)
Thu Nov 12 15:03:03 1998
In-Reply-To: <199811111641.LAA06325@camel14.mindspring.com>
Date: Wed, 11 Nov 1998 22:25:00 -0800
To: John Young <jya@pipeline.com>
From: Steve Schear <schear@lvcm.com>
Cc: cypherpunks@cyberpass.net
Reply-To: Steve Schear <schear@lvcm.com>
>Business Wire reported yesterday that Cylink has been
>sued in US District Court of New Jersey for securities
>fraud through a class action. It alleges misrepresentation
>and false financial statements.
I heard, from a former senior employee, a week or so ago that things were
not well there, but had no idea it was this bad (ir I would have shorted
the stock, oh well).
--Steve
