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The Net Takeaway: Class Action Suit filed against SPSS

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Class Action Suit filed against SPSS · 05/17/2004 11:10 AM, Analysis

I guess this should surprise nobody. Whenever a stock has trouble for a nanosecond, lawyers dive in “on behalf of their clients”. Funny enough, its rare that a class rises out of the masses and finds a lawyer; it always seems to go the other way…

Geller Rudman Announces Class Action Lawsuit Against SPSS, Inc. on Behalf of Investors

Obviously, SPSS is still in a transition stage and is still trading as SPSSE. More at Yahoo if you want current tickers… And more on my take in a previous entry.

In my “I’m not a stock analyst and my meager 401k shows it” mode, I suggest we just continue watching events. SPSS isn’t going out of business anytime soon, but we may see the beginning of a reduction in services (longer wait times for tech support, etc.) and other cost-savings measures while resources are reallocated to deal with all these distractions.

Disclaimers are listed in my previous entry, and they all still apply.

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