From: John Young <jya@pipeline.com>
To: cypherpunks@toad.com
Message Hash: 8233ed47dd6e818d0efc2872e2ff305183f9a68cf63de42e126271f169f353b9
Message ID: <199811111641.LAA06325@camel14.mindspring.com>
Reply To: N/A
UTC Datetime: 1998-11-11 17:29:06 UTC
Raw Date: Thu, 12 Nov 1998 01:29:06 +0800
From: John Young <jya@pipeline.com>
Date: Thu, 12 Nov 1998 01:29:06 +0800
To: cypherpunks@toad.com
Subject: Cylink Sued for Stock Fraud
Message-ID: <199811111641.LAA06325@camel14.mindspring.com>
MIME-Version: 1.0
Content-Type: text/plain
Business Wire reported yesterday that Cylink has been
sued in US District Court of New Jersey for securities
fraud through a class action. It alleges misrepresentation
and false financial statements.
http://jya.com/cylink-suit.htm
On November 5 Cylink announced revised revenues
for the first half of 1998. The day before William Crowell,
ex-NSA, was appointed president in a house sweep
of the executive team, apparently after discovery of book
cooking.
William Perry, ex-DoD, is still listed on the board of
directors, although the list seems to be out of date,
along with the annual report and letter to stockholders
on Cylink's Web site.
Return to November 1998
Return to “Steve Schear <schear@lvcm.com>”