Press release from Business Wire
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Audience, Inc.
Friday, September 07, 2012
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Audience, Inc.11:30 EDT Friday, September 07, 2012 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against Audience, Inc. (“Audience” or the “Company”) (NASDAQ:ADNC) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between May 10, 2012 and September 6, 2012, regarding Audience's business, operations and financial condition were false and misleading. Audience provides intelligent voice and audio solutions for mobile devices worldwide. Specifically, the investigation relates to Audience's September 6, 2012 disclosure that it now believes that Apple Inc. (“Apple”) is unlikely to use its processor intellectual property in the iPhone 5, which is expected to be launched in the second week of September. Apple's licensing of the Company's processor intellectual property had accounted for 37% of Audience's total revenue for both the three and six months ended June 30, 2012. On this news, shares of Audience declined almost 60%. If you purchased Audience securities between May 10, 2012 and September 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com. Law Offices of Howard G. SmithHoward G. Smith, Esquire215email@example.com