Path: utzoo!utgpu!jarvis.csri.toronto.edu!mailrus!shadooby!ginosko!brutus.cs.uiuc.edu!psuvax1!gatech!udel!mmdf
From: mjsagar@sandia.gov (9123 SAGARTZ, MATHIAS J.)
Newsgroups: comp.sys.amiga
Subject: Apple and the right to lie
Message-ID: <2261@nigel.udel.EDU>
Date: 22 Oct 89 22:09:28 GMT
Sender: mmdf@udel.EDU
Lines: 22


	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?