mjsagar@sandia.gov (9123 SAGARTZ, MATHIAS J.) (10/23/89)
In the Monday, Oct. 16 issue of the Wall Street Journal there was an article about Apple's defense against a lawsuit brought by a group of disgruntled investors. It seems that back when the Lisa was being introduced Apple officials "created public excitement by touting Lisa as a office computer that would revolutionize the workplace and be extremely successful in its first year." The investors claimed that prior to the fanfare, the company had circulated internal memos indicating problems with Lisa. When poor Lisa sales came in, the stock plunged from a high to $63.50 to $17.37. The article summarized the court ruling as follows, "A federal appeals court in San Francisco ruled that shareholders can't hold corporate officials liable for false sales projections on new products if the news media concurrently revealed substantial information about the product's flaws. ......... The court was careful to say that the adverse information appeared in the very same articles and received the same attention as the company statements." When you hear stuff like this you've got to wonder what will happen NEXT?
don@vax1.acs.udel.EDU (Donald R Lloyd) (10/23/89)
The title of this message reminded me of something. Has anybody seen the Apple Desktop Media Video that apple's been giving away? In it, apple comes right out and says, "WE INVENTED MULTIMEDIA PRESENTATIONS" (not direct quote, but close enough. Bull%$&$%. They were the first ones to ADVERTISE IT. I'd really like to see somebody with a genlock and a flair for animation get a copy of that video and "edit" it..... (a HAM jet fighter swoops down out of the sky and fires a round of explosive boing-balls at the helocar, destroyibg it in a full-color, stereo explosion).... -- ------------------------------------------------------------------------------- | --------------- Don Lloyd El Campeador don@vax1.acs.udel.edu | | |Gibberish is | DISCLAIMER: don@pyr1.acs.udel.edu | | |spoken here. | My employers are idiots. They wouldn't understand | | --------------- my babbling even if they WERE literate enough to read it. | -------------------------------------------------------------------------------