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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Ralph M. Pree who wrote (2340)	6/9/2000 9:55:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 2702

I find these law suits are usually based on elements of truth, but they result in little value to anyone. I can't say I am pleased with the way things have turned for VARL, but I am still high on their potential to sell product. Has anyone seen VARL make an attempt to talk to shareholders about this doing an Internet interview? or special conference call? Regards, Mark Vari-L Company, Inc. Named In Shareholder Class Action, Announces Berman Devalerio & Pease LLP June 9, 2000 05:54 PM Eastern Time DENVER, June 9 /PRNewswire/ -- Berman, DeValerio & Pease LLP a law firm specializing in representing shareholders in class action lawsuits, issues the following press release: Vari-L Company, Inc. ("Vari-L" or the "Company") VARL was named as a defendant in a shareholder class action filed in the United States District Court for the District of Colorado. The action, brought by Berman, DeValerio & Pease, LLP, www.bermanesq.com, seeks damages for violations of the federal securities laws on behalf of all investors who purchased Vari-L common stock between December 17, 1997 through and including May 17, 2000 (the "Class Period"). The lawsuit charges Vari-L and certain of its officers, with violations of the federal securities laws by issuing materially false and misleading financial statements. The Company, on May 17, 2000, revealed that it would be restating its previously reported financial results for the period ended December 31, 1997, and potentially other periods as well. In addition, during the Class Period insiders sold massive amounts of stock, reaping substantial proceeds as a result of the inflated value of Vari-L's stock. After the Company's announcement, Vari-L shares fell roughly $5 per share from their May 16 close of $16.188, to close at $11.25 on May 22, 2000, a drop of roughly 35%, as the market fully absorbed the impact of these disclosures. If you purchased Vari-L common stock during the Class Period and suffered a loss on your investment, you may wish to contact the lawyers at Berman, DeValerio & Pease LLP to discuss your rights and interests: Jennifer L. Finger, Esq. Chauncey D. Steele IV Jeffrey C. Block, Esq. Berman, DeValerio & Pease LLP One Liberty Square Boston, MA 02109 E-Mail: bdplaw@bermanesq.com. (800) 516-9926 Tolearn more about this action, other cases or class actions in general, you can also visit our website at www.bermanesq.com. If you wish to apply to be Lead Plaintiff in this action, a motion must be filed on your behalf with the court no later than August 9, 2000. To be a member of the class you need not take any action at this time and you may retain counsel of your own choice. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman, DeValerio & Pease LLP to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. With offices in Boston and San Francisco, Berman, DeValerio & Pease LLP has extensive experience prosecuting shareholder class actions. The firm has been appointed lead counsel in numerous actions involving companies that have issued false and misleading statements, has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in particular cases. SOURCE Berman, DeValerio & Pease LLP