Compaq is still refusing to comment on the raft of class action lawsuits it faces, which accuse the company of issuing misleading statements in order to inflate its stock price.
About a dozen class action lawsuits have been filed against the supplier since the end of February when it revealed that its PC sales for the first quarter would be lower than expected.
A group of eleven senior Compaq executives also sold around $45 million worth of stock in February, just before the company told financial analysts about the sales slow down. Its share price crashed around 25 per cent immediately after the news was issued, however.
At the company's Innovate conference in Houston this week, Enrico Pesatori, Compaq?s senior vice president of marketing, said the company knew nothing about the lawsuits.
"We have not received any information on this yet, so I do not feel it would be appropriate for me to comment on that," he claimed.
Lawyers involved with the issue said last week that neither they nor any of the complainants had received any response from Compaq on the matter.
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