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View Full Version : Class Action Suit Filed Against Sierra Wireless

Mike Temporale
02-03-2005, 10:30 PM
<div class='os_post_top_link'><a href='http://www.lerachlaw.com/lcsr-cgi-bin/mil?case=sierra&templ=case-pr.html' target='_blank'>http://www.lerachlaw.com/lcsr-cgi-bin/mil?case=sierra&templ=case-pr.html</a><br /><br /></div><i>"The complaint charges Sierra and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Sierra develops and markets a range of products, including wireless data modems for portable computers, embedded modules for original equipment manufacturers, rugged vehicle-mounted modems and mobile phones. In addition, Sierra has recently entered into the Smartphone market with its Voq product line."</i><br /><br /><img src="http://www.smartphonethoughts.com/images/Temporale-20050227-SierraWirelessLogo.gif" alt="User submitted image" title="User submitted image"/> <br /><br />The Voq Smartphone is a threat to PalmOne Treo, for which Sierra sells the wireless radio. So these goof-balls are suing Sierra for attempting to diversify their product line. :roll: While Sierra Wireless has not been served yet, they have issued a <a href="http://www.sierrawireless.com/news/docs/02-03-2005.pdf">statement</a> (PDF) that says there is no merit to this claim and will vigorously defend against the lawsuit. :way to go:

Kris Kumar
02-04-2005, 03:37 AM
- Idea to diversify and make Smartphones: smart move.
- Voq design: bad move.

Should the company be blamed for a bad product? Somebody ought to be fired but the company should not be served a lawsuit for trying to improve the shareholders bottomline.

This is just crazy. :roll: