jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
NEW YORK, NY -- (MARKET WIRE) -- 07/21/06 -- Paskowitz & Associates announces that the firm
commenced a class action lawsuit in the United States District Court for
the Northern District of California on behalf of purchasers of the common
stock of Rambus Inc. ("Rambus" or the "Company") (NASDAQ: RMBS) from
January 14, 2004 through July 18, 2006 (the "Class Period"). Defendants
include Rambus and certain of its top officers and directors.
For further information you may call toll free, 1-800-705-9529, or contact
counsel by e-mail by writing to lpaskowitz@pasklaw.com
The complaint alleges that Rambus and certain officers and directors
violated the federal securities laws by making false and misleading
statements and omissions concerning Rambus' improper and undisclosed
practice of backdating options given to Rambus executives. Such a scheme
improperly provides the executive with an unearned benefit -- instead of
the option being priced at the market price of the shares, it is priced at
a lower price. The practice of manipulating stock option dates not only
potentially lines the pockets of the executives, but here resulted in the
overstatement of Rambus' earning between 2003 and 2005. Under accounting
rules, back-dating the option is deemed the payment of additional
compensation and must be accounted for as an expense, but Rambus did not
properly account for the options granted. As a result, Rambus has been
forced to restate its previously issued financial statements for the fiscal
years 2003-2005. In addition, the Company has stated that the Quarterly
Reports on Form 10-Q filed with respect to each of these fiscal years, and
the financial statements included in the Company's Quarterly Report on Form
10-Q for the first quarter of fiscal year 2006, should no longer be relied
upon, and will be restated.
If you purchased Rambus stock during the Class Period, you may qualify to
serve as Lead Plaintiff on behalf of the Class, which consists of all
persons and entities who purchased Rambus stock from January 14, 2004
through July 18, 2006. You are not required to have sold your Rambus stock
in order to claim damages, or to serve in this role. All motions for
appointment as Lead Plaintiff must be filed with the Court by September 18,
2006.
If you wish to discuss this action or have any questions concerning this
notice or your rights or interests with respect to this matter, please
contact Laurence Paskowitz. Mr. Paskowitz will personally speak with you at
no cost or obligation.