Business Services Industry

Berman DeValerio & Pease LLP Announces Securities Class Periods for Investor Class Actions

Business Wire, August 18, 2000

Business Editors & Legal Writers

BOSTON--(BUSINESS WIRE)--Aug. 18, 2000

Berman, DeValerio & Pease LLP, a law firm specializing in representing shareholders in class action lawsuits for nearly twenty years, today announced that shareholders have sued Acrodyne Communications, Inc., Lernout & Hauspie Speech Products, Max Internet Communications, Southwall Technologies, Inc., Tenfold Corporation and Xcelera.com, Inc. for alleged violations of the federal securities laws.

If you purchased stock in any of these companies, you may be a member of the class and have until the dates specified below to move the court to become the lead plaintiff(s). You may contact Berman, DeValerio & Pease, LLP to learn more about your rights and interests in these cases and your ability to potentially recoup your losses, or you may hire counsel of your own choice.

ACRODYNE COMMUNICATIONS, INC. (NASDAQ: ACRO) Acrodyne and certain of its officers are charged with causing the Company to issue false and misleading financial statements. Acrodyne announced that it may be required to restate its 1999 and first quarter 2000 financial statements and that it has engaged an outside auditor to review its financial statements. Investors who purchased Acrodyne securities between May 18, 1999 and August 14, 2000 may be part of the action. The lead plaintiff motion is required to be filed no later than October 16, 2000.

LERNOUT & HAUSPIE SPEECH PRODUCTS N.V. (NASDAQ: LHSP) The complaint alleges that the Company's statements regarding its business and financial results were materially misleading because they included overstated and/or fictitious sales in Korea. After the truth about the Korean sales was revealed, the price of L&H's shares fell to as low as $26-3/4 per share. If you purchased stock between December 28, 1999 and August 7, 2000, you may be eligible for inclusion in the class. The lead plaintiff motion deadline is October 10, 2000.

TENFOLD CORPORATION (NASDAQ: TENF) TenFold is charged with failing to properly account for known problems with large customer orders. Right before an article in Barrons was published questioning the Company's problems with many of its customers, TenFold officers sold in excess of $26 million of their common stock. The action charges that the Company recently acknowledged that revenues were overstated and allowances for doubtful accounts were understated. If you purchased TenFold securities between January 31, 2000 and August 14, 2000 you may be part of the class. Motions for lead plaintiff must be filed by October 16, 2000.

SOUTHWALL TECHNOLOGIES, INC. (NASDAQ: SWTX) The action charges that Southwall and certain of its officers violated the securities laws by issuing a series of false and misleading statements concerning the Company's financial condition during the Class Period. In particular, the complaint charges that Southwall improperly valued its inventory, requiring a restatement of its first quarter results. As a result of these revelations, NASDAQ halted trading in Southwall common stock. Investors who purchased the stock between April 26, 2000 and August 1, 2000 may be part of the class. The lead plaintiff motion must be filed by October 3, 2000.

XCELERA.COM, INC. (AMEX: XLA) The complaint alleges that the Company failed to disclose that because of its status as a foreign company, its U.S. investors would be subject to special taxing provisions which would transfer the company's significant gain on a transaction involving its subsidiary to the shareholders directly, in an amount estimated between $2.35 and $7.00 per share. If you purchased Xcelera common stock during the period April 1, 1999 through August 9, 2000, and suffered a loss on your investment, you may be eligible to participate in the action. The deadline for seeking to be the Lead Plaintiff is October 10, 2000.

With offices in Boston and San Francisco, Berman, DeValerio & Pease, LLP is one of the nation's leading firms in representing investors in securities class action lawsuits and has substantial experience in prosecuting class actions. The firm has been appointed lead counsel in many major shareholder lawsuits pending throughout the country. The firm prides itself on its responsiveness to shareholders and their needs in particular cases.

If you are an investor in any of the companies listed above, or have any questions about any of these securities class actions, please contact the firm at (800) 516-9926. To be participant in any of these class actions, you need not take any action at this time. If you do have questions, please call us and ask to speak to one of the attorneys handling the case you are seeking information about, or you may speak to Jeffrey C. Block, Esq. or Michael G. Lange, Esq., or you can write to the firm at One Liberty Square, Boston, MA 02109, send us a facsimile at (617) 542-1194 or send us an e-mail at bdplaw@bermanesq.com.

To learn more about any of these cases, or class actions in general, you can visit the firm's website at http://www.bermanesq.com/.>