Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of DynaVox Inc.
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of DynaVox Inc. (“DynaVox” or the “Company”) (NASDAQ:DVOX) concerning possible violations of federal securities laws. DynaVox designs, manufactures and distributes electronic and symbol-based augmentative communication equipment, software and services. The Company offers speech generating technology and special education software solutions for individuals with speech, language, physical or learning disabilities.
The investigation concerns allegations that certain statements made by the Company concerning its business and financial prospects were materially false and/or misleading. On September 30, 2010, the Company issued a press release stating that during its first quarter of fiscal 2011, DynaVox “experienced a softening of demand for both its speech generating devices and software products.” As a result, the Company announced, it is withdrawing its previously issued earnings guidance for fiscal year 2011. A subsequent article published by TheStreet.com noted “the weakness in DynaVox is striking given the company just went public in late April, selling upwards of 9 million shares at $15 each. The stock is now down 65% off a high of $19.20 on June 16.”
If you are a shareholder of DynaVox, 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
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