Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Mellanox Technologies, Ltd.

     Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Mellanox
                              Technologies, Ltd.

PR Newswire

WAYNE, Pa., Feb. 14, 2013

WAYNE, Pa., Feb. 14, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/mlnx)announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of all persons or entities that purchased the common stock of
Mellanox Technologies, Ltd. ("Mellanox" or the "Company") (NASDAQ: MLNX)
between April 19, 2012 and January 2, 2013, inclusive (the "Class Period").

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )

For more information regarding this class action suit, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/mlnx.

The complaint charges Yum and certain of its officers and directors with
violations of the Securities Exchange Act of 1934. Mellanox is a fabless
semiconductor company that produces and supplies high-performance interconnect
products that facilitate efficient data transmission between servers, storage
systems and communications infrastructure equipment and other embedded
systems.

The Complaint alleges that throughout the Class Period, defendants made
materially false and misleading statements, and omitted materially adverse
facts, about the Company's business, operations and prospects. Specifically,
the Complaint alleges that: (a) Mellanox was receiving a continuous stream of
customer complaints concerning glitches it its InfiniBand product offerings
during the Class Period; (b) Mellanox knew that the pace of Intel
Corporation's ("Intel") development of its own competing InfiniBand adaptor
would both diminish Intel's demand for Mellanox's product offering and
detrimentally increase competition in the InfiniBand market in which Mellanox
enjoyed a near monopoly; (c) Mellanox knew that its outsized 1Q and 2Q sales
growth were not sustainable and were not the result of Defendants' business
acumen, growth in the InfiniBand market generally, or significant adoption by
the market of Mellanox's own InfiniBand product offerings, but was instead due
to short-term sales boosts attributable to Intel's rollout of the Romley CPU
upgrade; (d) Mellanox's inventory was dramatically increasing, both at the
Company and in the hands of at least one significant OEM customer, which would
decrease sales and profit margins going forward; and (e) as a result, Mellanox
knew its actual sales growth supported neither its own 4Q 2012 guidance nor
the inflated share price targets the investment community was modeling based
on Defendants' bullish Class Period statements and guidance. As a result of
defendants' false and misleading statements, the Company's stock traded at
artificially inflated prices during 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.

If you are a member of the class, you may, no later than April 8, 2013,
request that the Court appoint you as lead plaintiff of the class. A lead
plaintiff is a representative party that acts on behalf of other class members
in directing the litigation. In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of the claims of
other class members, and that the class member will adequately represent the
class. Under certain circumstances, one or more class members may together
serve as "lead plaintiff." Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead plaintiff.
You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve
as your counsel in this action.

For more information about the case or to participate online, please visit:
www.rmclasslaw.com/cases/mlnx or contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com.For
more information about class action cases in general or to learn more about
Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/mlnx
rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP

Website: http://www.rmclasslaw.com
 
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