For the convenience of those who haven't read Radisys' response:
RadiSys Reasserts No Substance to Lawsuit
< Hillsboro, OR -November 25, 1996 - In response to the article published in today's issue
of Barron's magazine, RadiSys Corporation (NASDAQ: RSYS) reasserted today that
there is no substance to the allegations of financial discrepancies that were made by a
former employee in a wrongful termination lawsuit filed in July 1996. RadiSys also
confirms that it has not been contacted by the SEC or any other regulatory body with
respect to these allegations.
"In its regular year-end audit Price Waterhouse issued an unqualified audit opinion for the
year ended December 31, 1995," stated Brian Turner, RadiSys Chief Financial Officer in
a press release issued July 31, 1996. "An unqualified audit opinion means that no material
discrepancies were found. The audit covers the period before the company completed its
initial public offering (IPO) in October 1995, a month before the terminated employee was
hired."
"The employee in question was terminated for completely unrelated causes within six
months after he was hired to run the company's manufacturing operations," said Turner.
"There is no substance to any of the allegations he makes in his lawsuit, and the company
intends to vigorously defend against this suit." RadiSys Corporation (NASDAQ: RSYS) is
the leading independent supplier of embedded computer components and subsystems used
by OEMs in manufacturing automation, telecommunications, medical equipment,
transportation, test and measurement, and retail/office automation applications. >
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