Infotopia (fka IFTA)

[Bernard Ng]

The chance of IFTA to win the case... not high, they can settle though. If PeopleSoft's statements are misleading... then you can gauge the chance of IFTA's case... pretty simple.


SAN FRANCISCO (AP) - A federal judge approved a $15 million settlement Friday between PeopleSoft Inc. and shareholders.

Shareholders were seeking millions from the Pleasanton, Calif.-based business that makes software to assist businesses automate their operations. They accused the firm of making false and misleading statements regarding its products, sales and growth prospects.

The class includes investors who acquired PeopleSoft common stock or call options from May 27, 1998, through Jan. 28, 1999.

signed,
Bernard