Shareholder Class Action Filed Against Cisco Systems, Inc. By the Law Firm of Schiffrin & Barroway, LLP

Apr 25, 2001, 01:00 ET from Schiffrin & Barroway, LLP

    BALA CYNWYD, Pa., April 25 /PRNewswire/ -- The following statement was
 issued today by the law firm of Schiffrin & Barroway, LLP:
 
     Notice is hereby given that a class action lawsuit was filed in the United
 States District Court for the Northern District of California on behalf of all
 purchasers of the common stock of Cisco Systems, Inc. (Nasdaq:   CSCO) from
 August 10, 1999 through February 6, 2001, inclusive (the "Class Period").
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests with respect to these matters, please
 contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Cisco Systems and certain of its officers and
 directors with issuing false and misleading statements concerning the
 Company's business and financial condition.  The complaint alleges that
 defendants provided capital financing to Internet service providers and
 competitive local telephone companies, conditioned upon their purchase of
 large amounts of Cisco product.  This alleged manipulation, along with the
 shipment of defective or incomplete products and the Company's failure to
 adequately accrue for excess and overvalued inventory and uncollectible
 finance receivables enabled Cisco to report "record" earnings each quarter
 during the Class Period.  This artificially inflated the price of the
 Company's stock to as high as $82 per share and defendants used this
 opportunity to sell $595 million worth of their own Cisco stock at prices as
 high as $80.24 per share.
     Plaintiff seeks to recover damages on behalf of class members and is
 represented by the law firm of Schiffrin & Barroway, LLP, who has significant
 experience and expertise prosecuting class actions on behalf of investors and
 shareholders.  For more information on Schiffrin & Barroway, or to sign-up to
 participate in this action online, please visit www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 June 19, 2001,  move the Court to serve as lead plaintiff of the class, if you
 so choose.  In order to serve as lead plaintiff, however, you must meet
 certain legal requirements.
 
      CONTACT:  Schiffrin & Barroway, LLP
                Marc A. Topaz, Esq.
                Stuart L. Berman, Esq.
                Three Bala Plaza East, Suite 400, Bala Cynwyd, PA  19004
                1-888-299-7706 (toll free) or 1-610-667-7706
                Or by e-mail at info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33526500
 
 

SOURCE Schiffrin & Barroway, LLP
    BALA CYNWYD, Pa., April 25 /PRNewswire/ -- The following statement was
 issued today by the law firm of Schiffrin & Barroway, LLP:
 
     Notice is hereby given that a class action lawsuit was filed in the United
 States District Court for the Northern District of California on behalf of all
 purchasers of the common stock of Cisco Systems, Inc. (Nasdaq:   CSCO) from
 August 10, 1999 through February 6, 2001, inclusive (the "Class Period").
     If you wish to discuss this action or have any questions concerning this
 notice or your rights or interests with respect to these matters, please
 contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman,
 Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at
 info@sbclasslaw.com.
     The complaint charges Cisco Systems and certain of its officers and
 directors with issuing false and misleading statements concerning the
 Company's business and financial condition.  The complaint alleges that
 defendants provided capital financing to Internet service providers and
 competitive local telephone companies, conditioned upon their purchase of
 large amounts of Cisco product.  This alleged manipulation, along with the
 shipment of defective or incomplete products and the Company's failure to
 adequately accrue for excess and overvalued inventory and uncollectible
 finance receivables enabled Cisco to report "record" earnings each quarter
 during the Class Period.  This artificially inflated the price of the
 Company's stock to as high as $82 per share and defendants used this
 opportunity to sell $595 million worth of their own Cisco stock at prices as
 high as $80.24 per share.
     Plaintiff seeks to recover damages on behalf of class members and is
 represented by the law firm of Schiffrin & Barroway, LLP, who has significant
 experience and expertise prosecuting class actions on behalf of investors and
 shareholders.  For more information on Schiffrin & Barroway, or to sign-up to
 participate in this action online, please visit www.sbclasslaw.com.
     If you are a member of the class described above, you may, not later than
 June 19, 2001,  move the Court to serve as lead plaintiff of the class, if you
 so choose.  In order to serve as lead plaintiff, however, you must meet
 certain legal requirements.
 
      CONTACT:  Schiffrin & Barroway, LLP
                Marc A. Topaz, Esq.
                Stuart L. Berman, Esq.
                Three Bala Plaza East, Suite 400, Bala Cynwyd, PA  19004
                1-888-299-7706 (toll free) or 1-610-667-7706
                Or by e-mail at info@sbclasslaw.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X33526500
 
 SOURCE  Schiffrin & Barroway, LLP