INFORMIX IN THE NEWS: One you might not get to hear about....

Well, Here's another black eye for Informix that I don't think Informix really wants you to hear about. The article is at: http://biz.yahoo.com/bw/980324/lieff_cabr_1.html Here's the headlines: > > Company Press Release > > Class Action Suit Filed Against Informix Corporation and its Officers by Former Securities > Holders of Illustra Technologies, Inc. > > SAN FRANCISCO--(BUSINESS WIRE)--March 24, 1998--A class action suit has been commenced in the United States District Court for the > Northern District of California on behalf of all former securities holders of Illustra Information Technologies, Inc. (``Illustra'') who tendered their Illustra > preferred or common stock, stock warrants or stock options (``Illustra securities'') in exchange for securities of Informix Corporation (Nasdaq:IFMX - > news; ``Informix'') on or about Feb. 16, 1996, in connection with an acquisition by Informix of Illustra (the ``Illustra/Informix Transaction''). > > The suit has been brought by Richard H. Williams, Illustra's former chief executive officer, president and chairman, on behalf of himself and the > proposed class. > > The complaint alleges claims for common law fraud and violation of sections 11 and 12(a)(2) of the Securities Act of 1933 and section 10(b) of the > Securities Exchange Act of 1934, arising out of the Illustra/Informix Transaction against Informix and its former chief executive officer, Phillip E. > White, and chief financial officer, Howard H. Graham, and Informix's accountants, Ernst & Young. > > Pursuant to the Illustra/Informix Transaction, the Illustra stockholders were to receive Informix securities representing approximately 10% of the > combined company. These shares had a market value of approximately $386 million, based on the $25.75 closing price of Informix's common stock > on Dec. 20, 1995. The complaint alleges that, prior to Illustra/Informix Transaction, the defendants caused artificial inflation in the price of Informix's > stock by disseminating false and misleading statements regarding Informix's financial results for 1994 and 1995, including its revenues, earnings, > earnings per share and rate of growth and the market demand for its products. You can get the rest of that article for yourself. Just a heads up from your Uncle Mikey. -- #include <std_disclaimer.h> /* Mike Segel (MS385) */ #include <No_Spam.h> #ifdef OFFENDED_BY_CONTENT The author takes no responsibility for this post. Any resembalence to a coherent rational thought is purely coincidence. -The Management. #endif ***************************** * Attention * -*- Due to AGIS's Refusal to Act Responsibly -*- Due to ACSI's Refusal to Act Responsibly We are blocking all of their domains at the packet level. This block will exist until they modify their policies to conform to existing RFCs and net community standards. We encourage all ISPs and domain holders to do the same. *****************************