Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against BroadVision Inc. Seeking Damages on Behalf of Investors

Apr 20, 2001, 01:00 ET from Cauley Geller Bowman & Coates, LLP

    LITTLE ROCK, Ark., April 20 /PRNewswire Interactive News Release/ -- The
 Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class
 action has been filed in the United States District Court for the Northern
 District of California on behalf of purchasers of
 BroadVision Inc. (Nasdaq:   BVSN) ("BroadVision" or the "Company") common stock
 during the period between January 26, 2001 and April 2, 2001, inclusive (the
 "Class Period").
     The complaint charges BroadVision and certain of its officers and
 directors with violations of the Securities Exchange Act of 1934.  BroadVision
 develops, markets and supports application software solutions designed for
 one-to-one relationship management across extended enterprises.  These
 solutions are intended to enable businesses to use the Internet as a platform
 to conduct electronic commerce, provide online customer self-service, deliver
 targeted information to constituents, and provide online financial services.
 The complaint alleges that by late 2000, BroadVision's stock price had
 declined significantly due to reduced demand for its products and slowing
 sales.  By the time BroadVision reported its results for the 4Q 00 on
 January 25, 2001, BroadVision's CEO and CFO were aware that the Company was
 suffering from a horrendous combination of declining demand and out of control
 expenses.  They also knew BroadVision's new version of its One-to-One
 Enterprise product (Version 6.0), due to be released in the 1Q 01, did not
 meet most of the specifications of J2EE standards, which would reduce demand
 for this new product and further impact BroadVision's future results.  The
 complaint further alleges that defendants knew these conditions would severely
 impair BroadVision's future revenue growth and impair their ability to make
 future stock sales and extract future bonuses which were tied to the Company's
 performance.  Thus, defendants continued to make positive but false statements
 about BroadVision's business and future revenues when reporting BroadVision's
 4Q 00 results.  As a result, BroadVision's stock traded as high as $15-3/16
 during the Class Period.
     Then, on April 2, 2001, after the close of market, BroadVision announced
 its preliminary 1Q 01 results, the revision of its previously reported 4Q 00
 results and a one-time charge in the 2Q 01.  This disclosure shocked the
 market, causing BroadVision's stock to decline to $2-13/16 per share before
 closing at $2-31/32 on April 3, 2001, inflicting hundreds of millions of
 dollars of damage on plaintiff and the Class.
     If you bought the common stock of BroadVision between January 26, 2001 and
 April 2, 2001, inclusive, you may, no later than June 16, 2001 request that
 the Court appoint you as lead plaintiff.  A lead plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 In order to be appointed lead plaintiff, the Court must determine that the
 class member's claim is typical of the claims of other class members, and that
 the class member will adequately represent the class.  Under certain
 circumstances, one or more class members may together serve as "lead
 plaintiff."  Your ability to share in any recovery is not, however, affected
 by the decision whether or not to serve as a lead plaintiff.  You may retain
 Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve
 as your counsel in this action.
     Cauley Geller Bowman & Coates, LLP has substantial experience representing
 investors in securities fraud class action lawsuits such as this.  The firm
 has offices in Florida, Arkansas and California, but represents shareholders
 from throughout the nation.  If you have any questions about how you may be
 able to recover for your losses, or if you would like to consider serving as
 one of the lead plaintiffs in this lawsuit, you are encouraged to call or
 e-mail the Firm or visit the Firm's website at www.classlawyer.com.
 
      CAULEY GELLER BOWMAN & COATES, LLP
      Client Relations Department:
      Sue Null, Charlie Gastineau or Jackie Addison
      P.O. Box 25438
      Little Rock, AR 72221-5438
      Toll Free: 1-888-551-9944
      E-mail: info@classlawyer.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X58786414
 
 

SOURCE Cauley Geller Bowman & Coates, LLP
    LITTLE ROCK, Ark., April 20 /PRNewswire Interactive News Release/ -- The
 Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class
 action has been filed in the United States District Court for the Northern
 District of California on behalf of purchasers of
 BroadVision Inc. (Nasdaq:   BVSN) ("BroadVision" or the "Company") common stock
 during the period between January 26, 2001 and April 2, 2001, inclusive (the
 "Class Period").
     The complaint charges BroadVision and certain of its officers and
 directors with violations of the Securities Exchange Act of 1934.  BroadVision
 develops, markets and supports application software solutions designed for
 one-to-one relationship management across extended enterprises.  These
 solutions are intended to enable businesses to use the Internet as a platform
 to conduct electronic commerce, provide online customer self-service, deliver
 targeted information to constituents, and provide online financial services.
 The complaint alleges that by late 2000, BroadVision's stock price had
 declined significantly due to reduced demand for its products and slowing
 sales.  By the time BroadVision reported its results for the 4Q 00 on
 January 25, 2001, BroadVision's CEO and CFO were aware that the Company was
 suffering from a horrendous combination of declining demand and out of control
 expenses.  They also knew BroadVision's new version of its One-to-One
 Enterprise product (Version 6.0), due to be released in the 1Q 01, did not
 meet most of the specifications of J2EE standards, which would reduce demand
 for this new product and further impact BroadVision's future results.  The
 complaint further alleges that defendants knew these conditions would severely
 impair BroadVision's future revenue growth and impair their ability to make
 future stock sales and extract future bonuses which were tied to the Company's
 performance.  Thus, defendants continued to make positive but false statements
 about BroadVision's business and future revenues when reporting BroadVision's
 4Q 00 results.  As a result, BroadVision's stock traded as high as $15-3/16
 during the Class Period.
     Then, on April 2, 2001, after the close of market, BroadVision announced
 its preliminary 1Q 01 results, the revision of its previously reported 4Q 00
 results and a one-time charge in the 2Q 01.  This disclosure shocked the
 market, causing BroadVision's stock to decline to $2-13/16 per share before
 closing at $2-31/32 on April 3, 2001, inflicting hundreds of millions of
 dollars of damage on plaintiff and the Class.
     If you bought the common stock of BroadVision between January 26, 2001 and
 April 2, 2001, inclusive, you may, no later than June 16, 2001 request that
 the Court appoint you as lead plaintiff.  A lead plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 In order to be appointed lead plaintiff, the Court must determine that the
 class member's claim is typical of the claims of other class members, and that
 the class member will adequately represent the class.  Under certain
 circumstances, one or more class members may together serve as "lead
 plaintiff."  Your ability to share in any recovery is not, however, affected
 by the decision whether or not to serve as a lead plaintiff.  You may retain
 Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve
 as your counsel in this action.
     Cauley Geller Bowman & Coates, LLP has substantial experience representing
 investors in securities fraud class action lawsuits such as this.  The firm
 has offices in Florida, Arkansas and California, but represents shareholders
 from throughout the nation.  If you have any questions about how you may be
 able to recover for your losses, or if you would like to consider serving as
 one of the lead plaintiffs in this lawsuit, you are encouraged to call or
 e-mail the Firm or visit the Firm's website at www.classlawyer.com.
 
      CAULEY GELLER BOWMAN & COATES, LLP
      Client Relations Department:
      Sue Null, Charlie Gastineau or Jackie Addison
      P.O. Box 25438
      Little Rock, AR 72221-5438
      Toll Free: 1-888-551-9944
      E-mail: info@classlawyer.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X58786414
 
 SOURCE  Cauley Geller Bowman & Coates, LLP