Aimless at helm refuse to change course

Sally Khudairi (
Sun, 25 Apr 1999 11:24:48 -0400

Lured by countless shares of stock then shamelessly bamboozled, hundreds
flee the sinking ship as "management" lights up another congratulatory
post-climactic smoke and turns a blind eye. Dirty laundry gets picked up
by more press and analysts, while the class action suits continue to
pour in:

> Apr 20, 99, 3:27 PM
> Weiss & Yourman files class action complaints against Cambridge Technology Partners
> on behalf of investors purchasing CATP securities
> Apr 19, 99, 10:30 PM
> Stull, Stull & Brody Announces Class Action Against Cambridge Technology Partners,
> Inc.
> Apr 6, 99, 4:30 PM
> Spector & Roseman, P.C. Announces Class Action Lawsuit Filed Against Cambridge
> Technology Partners, Inc. and Certain of Its Officers and Directors
> Apr 1, 99, 4:19 PM
> Wolf Haldenstein Files Class Action Against Cambridge Technology Partners Inc.
> (Nasdaq: CATP)
> Mar 29, 99, 5:50 PM
> Shapiro Haber & Urmy LLP Brings Class Action Against Cambridge Technology
> Partners
> on Behalf of Purchasers Of CATP Securities From 11/25/98 To 3/18/99

In an attempt to save the farm, CTP announced on 15 April on
BusinessWire that

> Cambridge Technology Partners Strengthens Management Team
> In North America and Europe

> In October 1998, Cambridge began an extensive organizational transformation
> focused on delivering high-quality service-line solutions and building close and
> lasting relationships with clients. This change effort will enable the organization
> to provide integrated, strategic solutions to clients facing the business and
> technology challenges posed by the Digital Economy. The hiring of these
> individuals marks Cambridge's progress towards building the right leadership
> team for the firm's next stage of growth and highlights the company's
> commitment to delivering on the short- and long-term goals of its new
> organizational and market strategies.

and just a few short days later, Tim Ramos, executive vice president of
Cambridge, North America, who stated in the abovementioned announcement,

> "One of the key ingredients in accomplishing our client and business goals is the
> constant enhancement of our management team in North America,"


Stock price remains at a staggering $ 13.81.

Frighteningly, the cesspit widens...