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    Comments on: Lawsuit Filed On Behalf of Handspring ShareholdersA class action lawsuit has been filed on behalf of all purchasers of Handspring common stock from June 21 through December 6 of last year against the underwriters of Handspring's initial public offering. Handspring itself is not a defendant. The suit alleges that the underwriters made agreements with certain investors that artificially drove up the stock. This suit is actually quite similar to one filed last month against Palm and the underwriters of its IPO.
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The following comments are owned by whoever posted them. PIC is not responsible for them in any way. login or register for free in order to post comments.  RE: cry babies wah wahI.M. Anonymous @ 8/4/2001 3:59:40 PM #
There's plenty of money to be made in the market, just not in the timing of individual stock fluctuations in the short term. The stock market is still the best place for your money in the long term (20 years +). RE: cry babies wah wahI.M. Anonymous @ 8/6/2001 5:13:13 AM #
The Brit was Nick Leeson and he was in Singapore not Hong Kong. His actions bankrupted Barings Bank.
This suit is not being taken by the people inside the deal, who made a lot of money they DID NOT deserve. It is being taken on behalf of the people who were outside this deal. The question is, how much of the dot.com frenzy was fuelled by the same kind of fiddles? When this frenzy collapsed, because of these "artificially-high" prices, a lot of people in the technolgy industries lost their jobs, and a lot more will do. That is no laughing matter. 
 Off Topic
The off topic post that was here has been moved to the Forum:
www.palminfocenter.com/forum/topic.asp?TOPIC_ID=826&FORUM_ID=33&CAT_ID=1 --- News Editor Palm Infocenter
Plenty More Where That Came From
In running through a list of recent press releases, I noticed that the same law firms that are doing this suit are also suing these and other brokerage houses over eBay and Amazon stocks.
Looks like investors are going to court to try to get some of their money back from the Tech Bubble. It will be interesting to see if they are successful.
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Reminds me of that movie where a british futures trader in Hong Kong makes a blunder, tries to cover it up by borrowing his employer's money (a bank) which he eventually bankrupts when the Asian Contagion happens and he loses billions. I think the movie is based on a true story.
I just don't think there's any money to be made in the market because there's so much technology watching every companies move, any move to the upside is already "priced in" and any move to the downside was previously seen by the insiders. 1998-2000 bubble was a big lesson in pyramid scams.