1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

NASDAQ:ADNC Stockholder Alert: Investigation of Audience Inc

An investigation for investors in NASDAQ:ADNC shares over potential securities laws violations by Audience Inc was announced and NASDAQ:ADNC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

FOR IMMEDIATE RELEASE

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Dec. 17, 2012 - An investigation on behalf of investors in NASDAQ:ADNC shares was launched concerning whether Audience Inc violated Federal Securities Laws in connection with certain financial statements.

Investors who purchased shares of Audience Inc (NASDAQ:ADNC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether the company’s initial public offering documents failed to disclose that Apple would not use Audience’s technology on the iPhone 5.

On September 6, 2012, after the market closed, Audience, Inc. provided an update on the prospects for use of its processor intellectual property in the next generation mobile phone release of a large OEM customer. Additionally, Audience provided an update to its business outlook for the third quarter of 2012. Audience Inc said that it sells processors and licenses its processor IP to Apple Inc. and certain of its subsidiaries for inclusion in their mobile phones and that it now believes that it is unlikely that Apple Inc. and certain of its subsidiaries will enable Audience's processor IP in its next generation mobile phone.

Shares of Audience Inc (NASDAQ:ADNC) dropped from $18.90 on September 6, 2012 to as low as $5.998 per share on September 7, 2012 and continued to decline to as low as $5.65 per share on October 9, 2012.

On November 2, 2012, NASDAQ:ADNC shares closed at $7.68 per share, which is significantly below the 52 week High of $23.41 per share.

Those who purchased shares of Audience Inc (NASDAQ:ADNC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Photo:
http://www.prlog.org/12044137/1

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Business, Finance
Tags:Audience Inc, NASDAQ:ADNC
Shortcut:prlog.org/12044137
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share