INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Applied Optoelectronics, Inc. Investors (AAOI)
BENSALEM, Pa.--(BUSINESS WIRE)--Sep 28, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Applied Optoelectronics, Inc. (“AAOI” or the “Company”) (NASDAQ: AAOI) investors concerning the Company and its officers’ possible violations of federal securities laws.
On September 28, 2018, the Company reduced its revenue forecast, citing issues with a customer order, stating “we identified an issue with a small percentage of 25G lasers within a specific customer environment. Consistent with AOI’s commitment to supreme product quality and customer support, we mutually agreed with the customer to temporarily suspend shipments of certain transceivers utilizing these lasers while we worked to gain a deeper understanding of the scope of the issue and implement a solution.” On this news the Company’s shares fell sharply during intraday trading on September 28, 2018.
If you purchased AAOI securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 09/28/2018 01:31 PM/DISC: 09/28/2018 01:31 PM