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

David Gould wrote: > > In article <3527ac02.1895097734@news>, > David Kosenko <dkosenko@monmouth.com> wrote: > >Mike Segel <mikey@segel.NOSPAM-.KING.OF.MYDOMAIN.-NOSPAM.com> offerred: > >:While I think that the Informix shareholders suit may have merit, this > >:suit by Illustra > >:shareholders doesn't hold water. Illustra should have done their due > >:dilligence. > The Illustra merger took place in early 1996. The recent Informix restatement > of results (released in Nov 97) covered 1994, 1995, 1996, and 1997. > > Unless the Illustra folks have invented time travel, there is no way that > they could have influenced Informix results in 1994 and 1995. > > -dg No, but they could have done what is called *due diligence*. This means hiring an outside independent auditors to review operations and their books. Having failed to do this, they let their greed get the best of them. My initial point was that Illustra's management had that option. Shareholders of Informix do not have the right to call in outside auditors thus they don't have the option of due dilligence and have to rely on the company statements and *expert* opinons, along with *other* publicly available information. Insider trading occurs when you trade on information that only those within the organization know about. (OK so I dabble in the market a little! ;-) -Uncle Mikey (If you want my advice, buy and stockpile weapons, food and twinkies then head to the hills!) [I'm not paranoid, my job makes me that way! ;-] -- #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. *****************************