Science & Technology
Thu, September 20, 2012
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of the common stock of Audience, Inc. (aAudiencea or the aCompanya) (NASDAQ:ADNC) concerning possible violations of federal securities laws. Audience provides intelligent voice and audio solutions for mobile devices worldwide.
The investigation is related to certain statements issued by the Company between May 10, 2012 and September 6, 2012, regarding Audienceas business, operations and financial prospects. Specifically, the investigation relates to Audienceas September 6, 2012 disclosure that it now believes that Apple Inc. (aApplea) is unlikely to use its processor intellectual property in the iPhone 5, which is expected to be launched September 21. Appleas licensing of the Companyas processor intellectual property had accounted for 37% of Audienceas total revenue for both the three and six months ended June 30, 2012. Following this news, shares of Audience declined almost 60%.
If you purchased or otherwise acquired Audience common stock between May 10, 2012 and September 6, 2012, and/or pursuant to the Companyas May 10, 2012 initial public offering, if you have information or would like to [ learn more ] about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].
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