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Jan. 16, 2013 - An investigation on behalf of investors of Tibco Software Inc. (NASDAQ:TIBX)
shares over potential securities laws violations by Tibco Software Inc. and certain of its directors and officers in connection certain financial statements was announced .
If you purchased shares of Tibco Software Inc. (NASDAQ:TIBX)
, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tibco Software Inc. (NASDAQ:TIBX)
concerning whether a series of statements by Tibco Software Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Tibco Software Inc. (NASDAQ:TIBX)
reported that its Total Revenue rose from $621.39 million for the 12 months period that ended on Nov. 30, 2009 to $920.25 million for the 12 months period that ended on Nov. 30, 2011 and that its Net Income over the respective time periods increased from $62.30 million to $112.41 million.
Shares of Tibco Software Inc. (NASDAQ:TIBX)
grew from as low as $4.67 per share in February 2009 to as high as $32.60 per share in September 2012.
Then on December 4, 2012, after the market closed, Tibco Software Inc. (NASDAQ:TIBX)
reported its preliminary fourth quarter results.
Shares of Tibco Software Inc. (NASDAQ:TIBX)
declined from $24.77 per share on Dec. 4, 2012, to as low as $19.04 per share on December 5, 2012.
On December 11, 2012, NASDAQ:TIBX shares closed at $20.80 per share, which is significantly below its current 52 week High.
Those who purchased shares of Tibco Software Inc. (NASDAQ:TIBX)
, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554
Photo:
http://www.prlog.org/12060193/1
