Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been Filed Against Mellanox Technologies, Ltd.

  Bronstein, Gewirtz & Grossman, LLC Announces That A Class Action Has Been
                  Filed Against Mellanox Technologies, Ltd.

PR Newswire

NEW YORK, Feb. 11, 2013

NEW YORK, Feb. 11, 2013 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC
announces that a class action suit was filed in the United States District
Court for the Southern District of New York on behalf of purchasers who
purchased common stock of Mellanox Technologies, Ltd. ("Mellanox" or the
"Company") (NasdaqGS: MLNX-News) between April 19, 2012 and January 2, 2013,
inclusive (the "Class Period").

On January 2, 2013 the Company Announced it will be lowering the Company's
fourth quarter 2012 revenue guidance. Citing "a weaker demand environment,
challenging macroeconomic conditions, and a technical issue associated with
FDR 56Gb/s InfiniBand cabling which caused approximately $20 million of FDR
deployments to be delayed" the Company revised its fourth quarter financial
outlook to a range of $119 million to $121 million, sharply below the
Company's previous guidance of $145 million to $150 million.

The complaint charges Mellanox and certain of its officers and directors with
violations of the Securities Exchange Act of 1934. The complaint alleges as
follows: (1) Mellanox was receiving a continuous stream of customer complaints
concerning glitches in its InfiniBand product; (2) that the Company knew that
the pace of a competitor's development of its own InfiniBand adaptor would
diminish Mellanox's product offering and increase competition in the
InfiniBand market in which Mellanox enjoyed a near monopoly; (3) the Company
knew that its outsized first and second quarter 2012 sales growth was not
sustainable and was not the result of defendants' business acumen or growth in
the InfiniBand market; (4) The Company's inventory was dramatically
increasing, both at the Company and in the hands of at least one significant
customer, which would decrease sales and profit margins going forward; and (5)
as a result, Mellanox knew its actual sales growth supported neither its own
fourth quarter 2012 guidance nor the inflated share price targets the
investment community was modeling based on defendants' bullish Class Period
statements and guidance.

No Class has yet been certified in the above action. If you wish to review a
copy of the Complaint, to discuss this action, or have any questions, please
contact either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz &
Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address and telephone
number. April 8, 2013 is the deadline for investors to seek a lead plaintiff
appointment.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC
 
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