WASHINGTON, Aug. 1, 2008 (LAWFUEL) — Harris Stratex Networks,
Inc. (Nasdaq:HSTX) (the “Company”) announced it had discovered
accounting errors which would require it to restate earnings over four
fiscal years — that is, for fiscal 2008, 2007, 2006, and 2005. The
Company also stated higher costs would lead it to miss its previously
stated earnings target for fiscal 2008. Harris Stratex’s share price
dropped on this news, losing as much as 35% of its value after the
restatement was announced.
Finkelstein Thompson LLP welcomes inquiries from Harris Stratex
shareholders concerning their rights and interests in connection with
this matter. Finkelstein Thompson LLP has spent almost three decades
delivering outstanding representation to institutional and individual
clients in connection with securities and other finance-related
litigation, and has been appointed as lead or co-lead counsel in dozens
of shareholder class actions. Indeed, in the past decade, the firm has
served leadership roles in cases that have recovered over $1 billion
for investors and consumers.
Interested shareholders can reach Finkelstein Thompson’s Washington, DC
office at (877) 337-1050 or by email at
contact@finkelsteinthompson.com.
