To: Tassi who wrote (66216 ) 1/24/2001 2:44:18 PM From: 2MAR$ Respond to of 122087 Gateway, Deutsche Telekom, pcOrder.com, And New Era Sued For Securities Fraud According To Schiffrin & Barroway, LLP BALA CYNWYD, PA -- (INTERNET WIRE) -- 01/24/01 -- You should be aware that class action complaints involving the securities of the companies listed below were filed on behalf of investors by the law firm of Schiffrin & Barroway, LLP. These complaints allege violations of the federal securities laws. If you purchased the securities of any of the companies listed below during the Class Period, your rights may be affected by these actions. If you wish to discuss these cases or have any questions concerning your rights or interests, please contact Marc Topaz, Esq. or Robert B. Weiser, Esq. at Schiffrin & Barroway, LLP, at 888-299-7706 (toll free) or 610-667-7706, fax number 610-667-7056 or by e-mail at info@sbclasslaw.com. INC. (NYSE: GTW) (Class Period: 10/13/00 - 11/29 00). The complaint alleges that during the Class Period, Gateway consistently proclaimed that the price of its common stock was "undervalued" when in fact, the Company knew that its growth was slowing and that it had no chance to meet Wall Street earnings estimates. On November 29, 2000, when the Company disclosed to the public what defendants had known all along, the market price for Gateway's common stock fell precipitously, wiping out billions of dollars in market capitalization in one day DEUTSCHE TELEKOM AG (NYSE: DT) (Class Period: Anybody who acquired ordinary shares of DT common stock in the form of American Depository Shares on or about 5/22/00). The complaint charges Deutsche Telekom and certain of its officers and directors with issuing a materially false and misleading Registration Statement and Prospectus (the "Offering Documents"). Specifically, the Complaint alleges that the Offering Documents were false and misleading because they failed to disclose that the Company's profits were negatively impacted by increasing costs. When the truth about the Company's problems was revealed, investors suffered devastating losses. PCORDER.COM, INC. (Nasdaq: PCOR) (Class Period: Purchasers of common stock of pcOrder.com's IPO or thereafter). The complaint charges pcOrder.com, its controlling shareholder Trilogy Software, Inc. and certain of its officers and directors with issuing false and misleading statements concerning the Company's business and financial condition. Specifically, the complaint alleges that during 1999, defendants issued and sold more than $206 million of pcOrder stock in its IPO and its December Offering. Thereafter, in connection with the defendants' attempts to allow Trilogy to acquire all of pcOrder, defendants revealed facts confirming that the registration statements issued by defendants in connection with the IPO and the December Offering had been false when issued. The complaint further alleges that defendants failed to disclose that, contrary to defendants' statements in the Registration Statements, pcOrder did not possess a formal business plan to carry out the Company's "strategy;" budget or expense controls; or an ability to report accurate operating information. NEW ERA OF NETWORKS (Nasdaq: NEON) (Class Period: 10/18/00 - 11/21/00). The complaint charges New Era and certain of its officers and directors with issuing false and misleading statements concerning the Company's business and financial condition. Specifically, on 10/18/00 New Era announced record earnings for the third quarter 2000. Subsequently, the Company acknowledged, in an SEC filing, that the record revenues and earnings for its third quarter 2000 were based upon the Company's practice of selling software to companies in exchange for equity and booking the sales as non-cash revenue. This disclosure caused the Company's stock to plummet over 50% on November 21, 2000. Schiffrin & Barroway, LLP has extensive experience in prosecuting investor class actions. Schiffrin & Barroway, LLP has prosecuted securities, antitrust and consumer class actions for over twelve years and has been designated lead counsel by federal and state courts across the country in large, complex cases. For more information on Schiffrin & Barroway, or to sign up to participate in any of the above-listed actions, please visit our website at www.sbclasslaw.com. Contact: Shareholder Relations Manager , Schiffrin & Barroway, LLP Phone: 888-299-7706 / 610-667-7706 Email: info@sbclasslaw.com *** end of story ***