INVESTOR ALERT: Investigation on Behalf of PDF Solutions, Inc. Shareholders Announced by Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of the common stock of PDF Solutions, Inc. (“PDF Solutions” or the “Company”) (NASDAQ:PDFS) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company concerning PDF Solutions’ business and financial prospects.
Please contact Lesley Portnoy at (310) 201-9150, or at email@example.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
PDF Solutions provides infrastructure technologies and services in Asia, Europe and North America to enhance yield and optimize performance of integrated circuits. The investigation is related to the Company’s September 29, 2014, announcement that the Company is pursuing resolution with a client concerning two contracts that the Company previously anticipated to close early in the second half of 2014, but which the Company now believes will not be signed.
According to the Company, based on this change in status, “the Company intends to recognize in the third fiscal quarter of 2014 approximately $1.9 million in previously deferred costs associated with the services, technology, and intellectual property the Company provided to date in connection with these contracts.” In addition, as a result of these contracts not signing, the Company expects Design-to-silicon-yield solutions revenue to be negatively impacted by approximately $7-$8 million in the third fiscal quarter of 2014, and by $10-$12 million for the full fiscal year.
Following this news, PDF Solutions shares dropped more than 28%, or $5.03 per share, to close at $12.61 per share on September 30, 2014, on unusually heavy volume.
If you purchased PDF Solutions common stock, if you have information, or would like to learn more, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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