Milberg Weiss Expands Class Period for Class Action Suit Filed Against California Amplifier, Inc.

Apr 25, 2001, 01:00 ET from Milberg Weiss Bershad Hynes & Lerach LLP

    SAN DIEGO, April 25 /PRNewswire/ -- Milberg Weiss
 (http://www.milberg.com/calamp/) today announced that a class action has been
 commenced in the United States District Court for the Central District of
 California on behalf of purchasers of California Amplifier, Inc. ("California
 Amplifier") (Nasdaq:   CAMP) publicly traded securities during the period
 between June 11, 1999 and March 28, 2001 (the "Class Period").
     If you wish to serve as lead plaintiff, you must move the Court no later
 than 60 days from March 30, 2001.  If you wish to discuss this action or have
 any questions concerning this notice or your rights or interests, please
 contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss
 at 800/449-4900 or via e-mail at wsl@milberg.com.  You can join this class
 action online at http://www.milberg.com/calamp/.
     The complaint charges California Amplifier with violations of the
 Securities Exchange Act of 1934.  California Amplifier designs, manufactures
 and markets microwave components used in both defense and commercial markets.
 The Company's products are used for the amplification and conversion of
 microwave signals for satellite television, Global Positioning Satellite,
 wireless cable, two-way voice and data communications, and broadband
 applications.
     On March 29, 2001, California Amplifier announced that it will restate its
 fiscal 2000 financial statements because of accounting misstatements.  The
 press release issued in connection with the announcement stated, in part:
 "California Amplifier Inc. today announced that during preparation for the
 Company's fiscal year 2001 audit examination, the Company's corporate
 controller abruptly resigned and advised by letter that in fiscal year 2000 he
 made certain adjustments to the Company's accounting records that caused a
 reduction in recorded expenses which may have resulted in overstating net
 income for the fiscal year ended February 26, 2000 by as much as $2.2 million,
 or $.18 per basic share.  The Company is actively investigating the
 circumstances reported by the controller but has not yet been able to
 interview the controller fully and, as a result, is unable at this time to
 reach any definitive conclusions as to the exact expenses or fiscal year
 2000 quarters that are affected by this alleged overstatement....  Due to
 these developments, the previously scheduled release of earnings for the
 fourth quarter and the fiscal year ended March 3, 2001 on April 19, 2001 will
 be postponed to a future date to be announced.  If the investigation
 ultimately confirms an overstatement of income in fiscal year 2000, the
 Company will be required to restate its fiscal year 2000 consolidated
 financial statements."  On this news, trading in California Amplifier shares
 was halted at $5.03 -- or more than 90% lower than the Class Period high of
 $59.25.
     Plaintiff seeks to recover damages on behalf of all purchasers of
 California Amplifier publicly traded securities during the Class Period (the
 "Class").  The plaintiff is represented by Milberg Weiss Bershad Hynes &
 Lerach LLP, who has expertise in prosecuting investor class actions and
 extensive experience in actions involving financial fraud.
 
     Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices
 in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and
 Philadelphia, is active in major litigations pending in federal and state
 courts throughout the United States.  Milberg Weiss has taken a leading role
 in many important actions on behalf of defrauded investors, consumers, and
 companies, as well as victims of World War II and other human rights
 violations, and has been responsible for more than $30 billion in aggregate
 recoveries.  The Milberg Weiss website (http://www.milberg.com) has more
 information about the firm.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X08772787
 
 

SOURCE Milberg Weiss Bershad Hynes & Lerach LLP
    SAN DIEGO, April 25 /PRNewswire/ -- Milberg Weiss
 (http://www.milberg.com/calamp/) today announced that a class action has been
 commenced in the United States District Court for the Central District of
 California on behalf of purchasers of California Amplifier, Inc. ("California
 Amplifier") (Nasdaq:   CAMP) publicly traded securities during the period
 between June 11, 1999 and March 28, 2001 (the "Class Period").
     If you wish to serve as lead plaintiff, you must move the Court no later
 than 60 days from March 30, 2001.  If you wish to discuss this action or have
 any questions concerning this notice or your rights or interests, please
 contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss
 at 800/449-4900 or via e-mail at wsl@milberg.com.  You can join this class
 action online at http://www.milberg.com/calamp/.
     The complaint charges California Amplifier with violations of the
 Securities Exchange Act of 1934.  California Amplifier designs, manufactures
 and markets microwave components used in both defense and commercial markets.
 The Company's products are used for the amplification and conversion of
 microwave signals for satellite television, Global Positioning Satellite,
 wireless cable, two-way voice and data communications, and broadband
 applications.
     On March 29, 2001, California Amplifier announced that it will restate its
 fiscal 2000 financial statements because of accounting misstatements.  The
 press release issued in connection with the announcement stated, in part:
 "California Amplifier Inc. today announced that during preparation for the
 Company's fiscal year 2001 audit examination, the Company's corporate
 controller abruptly resigned and advised by letter that in fiscal year 2000 he
 made certain adjustments to the Company's accounting records that caused a
 reduction in recorded expenses which may have resulted in overstating net
 income for the fiscal year ended February 26, 2000 by as much as $2.2 million,
 or $.18 per basic share.  The Company is actively investigating the
 circumstances reported by the controller but has not yet been able to
 interview the controller fully and, as a result, is unable at this time to
 reach any definitive conclusions as to the exact expenses or fiscal year
 2000 quarters that are affected by this alleged overstatement....  Due to
 these developments, the previously scheduled release of earnings for the
 fourth quarter and the fiscal year ended March 3, 2001 on April 19, 2001 will
 be postponed to a future date to be announced.  If the investigation
 ultimately confirms an overstatement of income in fiscal year 2000, the
 Company will be required to restate its fiscal year 2000 consolidated
 financial statements."  On this news, trading in California Amplifier shares
 was halted at $5.03 -- or more than 90% lower than the Class Period high of
 $59.25.
     Plaintiff seeks to recover damages on behalf of all purchasers of
 California Amplifier publicly traded securities during the Class Period (the
 "Class").  The plaintiff is represented by Milberg Weiss Bershad Hynes &
 Lerach LLP, who has expertise in prosecuting investor class actions and
 extensive experience in actions involving financial fraud.
 
     Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices
 in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and
 Philadelphia, is active in major litigations pending in federal and state
 courts throughout the United States.  Milberg Weiss has taken a leading role
 in many important actions on behalf of defrauded investors, consumers, and
 companies, as well as victims of World War II and other human rights
 violations, and has been responsible for more than $30 billion in aggregate
 recoveries.  The Milberg Weiss website (http://www.milberg.com) has more
 information about the firm.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X08772787
 
 SOURCE  Milberg Weiss Bershad Hynes & Lerach LLP