IBM would never buyout a junk computer company.
For those of you who think this is a slam dunk, please consider:
1. There is no comparable claim which netted $400M; different case completely.
2. To bring a claim requires more than simply "initiating" a suit to pop the stock from sinking. Anyone can bring suit. The judge will determine the merits of the case, not anyone here.
3. IBM has tough and deep in house counsel. Sherman has an attorney who is working on contingency. Big difference.
4. Those who think IBM would buyout this company are buying into the notion that IBM fears this case. There is absolutely no indication of this and to state otherwise is simply false. IBM is a Super blue chip; QSGI is a pimple on their a$$, literally. This has not stopped the pump at all, which brings me to "Group Think" again. Don't drink the Kool Aid.
5. Let us not forget that w/in a couple of weeks (i think it's 21 days from the day court received the complaint), IBM will respond to the complaint, or will have settled out of court. The important question here is why would IBM settle? Do they fear Sherman? Are they worried that the SEC investigation may strengthen Sherman's case?
My opinion is a resounding "NO". The market is deciding the worth of Sherman's company. Each day, the market tells us that it is worth less.
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