Replies to post #314 on Infotopia (fka IFTA)

[Bernard Ng]

and of course... the management didn't tell any lie at all ROTFLOL

signed,
Bernard

[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

[thepennyking]

Looks like the stockholders ran out of money or ran out of defendants one way or the other. Where's the justice eh?

[thepennyking]

GLRS Files Class Action Lawsuit Against Ibis Technology Corp.

NEW YORK (BUSINESS WIRE) – January 8, 2004 - Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on January 8, 2004 in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Ibis Technology Corp. ("Ibis" or the "Company") (NASDAQ: IBIS) between October 2, 2003 and December 12, 2003, inclusive, (the "Class Period"). The lawsuit was filed against Ibis and Martin J. Reid.

If you are a member of this class you can view a copy of the complaint and join this class action online.

The complaint alleges that Defendants issued a series of material misrepresentations to the market during the Class Period concerning Ibis’ new generation SIMOX-SOI implanter. Specifically, Ibis had indicated that the company had several orders from Japanese manufacturers for tits implanting machines, which are individually sell for approximately $8 million each and that these orders would close prior to December 31, 2003.

Then on December 15, 2003, Defendants filed a Form 8-K with the SEC admitting there would be no sales of the i2000 implanters to Japanese wafer manufacturers and that they now predicted that they expected to receive an order for one implanter sometime in 2004. Additionally, Defendants further admitted that they would record a "material charge" due to the impairment of its smaller production size equipment.

Plaintiffs are represented by the law firm of Goodkind Labaton Rudoff & Sucharow LLP of New York, New York and Ft. Lauderdale, Florida. Goodkind Labaton is a pioneer in the field of investor protection, with forty years experience litigating securities class actions in courts throughout the country. Goodkind Labaton has over 50 attorneys in two offices and maintains an in-house staff of finance and accounting specialists. Goodkind Labaton also has extensive trial experience and, most recently, concluded a class action trial resulting in a landmark $185 million verdict for the plaintiff class.

If you bought Ibis securities between October 2, 2003 and December 12, 2003, inclusive, you may qualify to serve as Lead Plaintiff. Lead Plaintiff papers must be filed with the court no later than March 7, 2004. If you would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact one of our representatives at [e-mail] or Christopher Keller, Esq. at 800-321-0476.