To: Scumbria who wrote (53450 ) 3/25/1999 6:22:00 PM From: Paul Engel Read Replies (1) | Respond to of 1573782
scumbria - Re: "Jerry and AMD are doing a fabulous job" Your fellow shareholders don't think so.biz.yahoo.com Thursday March 25, 5:37 pm Eastern Time Company Press Release SOURCE: Law Offices of Marc S. HenzelThe Law Offices of Marc S. Henzel Announces Class Action Against Advanced Micro Devices Inc. PHILADELPHIA, March 25 /PRNewswire/ -- The Law Offices of Marc S. Henzel hereby gives notice that a class action complaint has been filed in the United States District Court for the Northern District of California on behalf of a Class of persons who purchased the common stock of Advanced Micro Devices Inc. (NYSE: AMD - news; ''AMD'' or the ''Company'') at artificially inflated prices during the period Jan. 13, 1999, through March 9, 1999, (the ''Class Period'') and who were damaged thereby. The complaint alleges that defendants AMD and certain of its officers and directors violated federal securities laws (Section 10(b) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose a serious design flaw in AMD's K6 processor line which forced AMD to retool its manufacturing line late in 1998 and would result in a material decrease in production of its K6 personal computer microprocessor of 500,000 units during the first quarter and corresponding negative effect on AMD's earnings for the first quarter. As a result of defendants' false and misleading statements and omissions, the price of AMD's common stock was artificially inflated during the Class Period. On March 8, 1999, AMD announced that it would incur a significant loss in its first quarter because of the K6 manufacturing problems. As a result of this announcement, shares of AMD fell 14%. Plaintiff is represented by The Law Offices of Marc S. Henzel. Any member of the proposed Class who desires to be appointed lead plaintiff in this action must file a motion with the Court no later than sixty (60) days from March 11, 1999. Class members must meet certain legal requirements to serve as a lead plaintiff. If you have any questions concerning this case or your rights or interests with respect to these matters, contact: Marc S. Henzel, Esq. of The Law Offices of Marc S. Henzel, 210 West Washington Square, Third Floor Philadelphia, PA 19106, by telephone at 888-643-6735 or 215-625-9999, by facsimile at 215-440-9475, by e-mail at Mhenzel182@aol.com or visit their website at members.aol.com . SOURCE: Law Offices of Marc S. Henzel More Quotes and News: Advanced Micro Devices Inc (NYSE:AMD - news) Related News Categories: computers, semiconductors