NOCMan
Verizon Fios User
Premium
join:2004-09-30
Flower Mound, TX
| reply to Dogfather
Re: Profit and loss is public record
This is not a class action lawsuit. The investors involved invested millions and the statments that they claim were misleading were provided to the SEC and through comcast investor confrence calls.
The CEO and other high ranking officials have publicly stated over the last year that telcoTV will not impact them and they've made similar statements in earnings calls and such.
This is not a case of "These forward looking statements blablabla". It's a case of deception at the highest levels of the company to hide the truth while a few individuals attempt to profit and hope that what they're hiding does not come out and bite them in the butt. |
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Dogfather
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join:2007-12-26
Laguna Hills, CA
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2 edits | »www.broadcastingcable.com/articl···257.html
quote:
Two class-action suits were slapped on Comcast this week accusing the company of issuing statements about performance that resulted in its stock being “artificially inflated†and “overvalued.â€
Comcast is taking more customers from telcos than telcos are taking customers from Comcast. Any downturn from Comcast is a reflection of a general downturn in the economy and all of the operators are seeing it.
This is just a few lawyers looking to class-action their way into riches at the expense of Comcast and its customers. |
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