Kirby McInerney LLP Announces It Has Been Retained by an Investor for a Class Action Lawsuit on Behalf of Mellanox Technologies,

  Kirby McInerney LLP Announces It Has Been Retained by an Investor for a
  Class Action Lawsuit on Behalf of Mellanox Technologies, Ltd. Investors

Business Wire

NEW YORK -- March 28, 2013

Kirby McInerney LLP announced today that it has been retained by an investor
in Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NASDAQ: MLNX) to
pursue class action claims under the federal securities laws on behalf of all
persons or entities who purchased the common stock of Mellanox between April
19, 2012 and January 2, 2013 (the “Class Period”).

Complaints filed in the United States District Court for the Southern District
of New York allege that Mellanox and certain of its current and former
executives issued materially false and misleading statements during the Class
Period regarding the Company’s future prospects and financial performance.
According to the complaint, the defendants knew, but concealed from the
investing public during the Class Period, that: (1) Mellanox was experiencing
a continuous influx of customer complaints regarding glitches in its
InfiniBand product; (2) a competitor’s rapid development of its own InfiniBand
adaptor would diminish Mellanox’s product offering and increase competition in
the market for InfiniBand, in which Mellanox had maintained a near monopoly;
(3) the Company’s large first and second quarter 2012 sales growth could not
be maintained and was not the result of the defendants’ business acumen or
growth in the market for InfiniBand; (4) Mellanox’s inventory, both at the
Company and in the hands of at least one significant customer, was increasing
dramatically, and the increase would result in decreased sales and profit
margins going forward; and (5) as a result of the above factors, Mellanox’s
actual sales growth supported neither its own fourth quarter 2012 guidance nor
the inflated share price targets analysts and investors were modeling based on
defendants’ optimistic statements and guidance during the Class Period.

The complaints allege that the market learned, through a series of partial
disclosures made between September 7, 2012 and January 3, 2013, that the
foundation for the Company’s business was not as solid as defendants had
portrayed it during the Class Period. On September 7, 2012, at least one
analyst downgraded Mellanox shares from Buy to Hold. Then, on October 18,
2012, Mellanox reported its third quarter 2012 financial results and issued
fourth quarter 2012 fiscal guidance that was lower than expected. Finally, at
the end of the day on January 2, 2013, the defendants finally admitted that
Mellanox had missed its fourth quarter 2012 revenue guidance by over 20%. This
news, along with the above announcements, made the price of Mellanox shares
fall precipitously on unusually high trading volume.

If you would like to serve as a lead plaintiff, you must move the Court no
later than April 8, 2013. Please contact Mark Strauss of Kirby McInerney LLP
at (212) 371-6600, by email at mstrauss@kmllp.com or by filling out this
contact form if you would like to discuss this action or have any questions
about this notice or your rights or interests. If you are a member of the
class in this action, you can view a copy of the complaint as filed or join
this class action here.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in
securities, whistleblower, antitrust and consumer litigation. The firm has
specialized in complex litigation, including securities class actions, for
several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise
in this field, and has been recognized by various courts that have appointed
the firm to major positions in consolidated and multi-district litigation. The
firm’s efforts on behalf of shareholders in securities litigation have
resulted in recoveries totaling hundreds of millions of dollars, and the
firm’s achievements and quality of service have been chronicled in numerous
published decisions. Additional information about the firm can be found at
Kirby McInerney LLP’s website: http://www.kmllp.com.

Contact:

Kirby McInerney LLP
Mark Strauss, 212-371-6600
mstrauss@kmllp.com
 
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