Shareholder Class Action Filed Against Cylink Corp. by the Law Firm of Schiffrin Craig & Barroway LLP

Business Wire, Dec 24, 1998

BALA CYNWYD, Pa.--(BUSINESS WIRE)--Dec. 24, 1998--The following statement was issued today by the law firm of Schiffrin Craig & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of New Jersey on behalf of all purchasers of the common stock of Cylink Corp. (Nasdaq:CYLK) ("Cylink" or the "Company") from Feb. 12, 1998 through Dec. 16, 1998, inclusive (the "Class Period").

The complaint charges Cylink and certain of its officers and directors with violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in a fraudulent scheme and course of business to artificially inflate the market price of Cylink's securities by making misrepresentations and omissions of material fact concerning Cylink's publicly reported revenues, earnings, financial condition and growth prospects.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Craig & Barroway, LLP, which has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. For more information on Schiffrin Craig & Barroway, please visit our website at www.scbclasslaw.com.

If you are a member of the class described above, you may, not later than sixty days from November 6, 1998, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Craig & Barroway, LLP (Andrew L. Barroway, Esq.) toll free at 888/299-7706 or 610/667-7706, or via e-mail at info@scbclasslaw.com.