Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of
$100,000 Investing in Mellanox Technologies, Ltd. to Contact the Firm -- MLNX
NEW YORK, March 18, 2013 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading
national securities law firm, is investigating potential securities fraud at
Mellanox Technologies, Ltd. ("Mellanox" or the "Company") (Nasdaq:MLNX).
The investigation focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) Mellanox was
receiving numerous customer complaints about its InfiniBand product; (2) the
Company was aware that a rival's InfiniBand adaptor would diminish Mellanox's
market share; (3) Mellanox's first and second quarter 2012 sales growth would
not be sustainable; and (4) Mellanox's inventory was increasing so much that
sales and profit margins would diminish.
On September 7, 2012, Mellanox share price dropped after analyst Stifel
Nicolaus downgraded the Company's stock from Buy to Hold. Then on October 18,
2012, Mellanox reported third quarter 2012 financial results and issued lower
than expected fourth quarter 2012 fiscal guidance. Finally, at the end of the
day on January 2, 2013, the Company admitted that Mellanox had grossly missed
its fourth quarter 2012 revenue guidance by over 20%. These disclosures
caused a decline in Mellanox share price from a close of $119.93 on September
6, 2012 to a close of $50.70 on January 3, 2013 – a decline of roughly 57.7
Request more information now by clicking here:www.faruqilaw.com/MLNX. There
is no cost or obligation to you.
If you invested in Mellanox stock or options between April 19, 2012 and
January 2, 2013 and would like to discuss your legal rights, visit
www.faruqilaw.com/MLNX.You can also contact us by calling Richard Gonnello or
Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending
an e-mail to firstname.lastname@example.org or email@example.com.Faruqi &
Faruqi, LLP also encourages anyone with information regarding Mellanox's
conduct to contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising.The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).Prior results do not guarantee or
predict a similar outcome with respect to any future matter.We welcome the
opportunity to discuss your particular case.All communications will be
treated in a confidential manner.
CONTACT: FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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