MERX Merix (MM)

Shareholder Class Action Filed Against Merix Corporation by the Law Firm of Schiffrin & Barroway, LLP BALA CYNWYD, Pa., June 17 /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 District of Oregon on behalf of all purchasers of the common stock of Merix Corporation (NASDAQ:MERX) ("Merix" or the "Company") from July 1, 2003 through May 13, 2004, 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 . The complaint charges Merix, Mark Hollinger and Jamie S. Brown with violations of the Securities Exchange Act of 1934. The complaint alleges that defendants failed to disclose or indicate the following: (1) that the Company over relied, in their financial projections, on the customers' future demand for premium-priced and reduced-lead-time products, which had previously accounted for 50% of the Company sales; (2) that the Company failed to adequately insulate itself from the softening demand, specifically with regard to supply needs of a major networking customer; (3) that the Company failed to appreciate the market conditions, which did not support the Company's aggressive growth; and (4) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and their earnings projections. On May 13, 2004, after the close of the market, Merix revised guidance for the fourth quarter of fiscal 2004, ending May 29, 2004. News of this shocked the market. Shares of Merix fell $4.64 per share or 30.29 percent on May 14, 2004, to close at $10.68 per share. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com/ If you are a member of the class described above, you may, not later than August 16, 2004 move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action. 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 DATASOURCE: Schiffrin & Barroway, LLP CONTACT: Marc A. Topaz, Esq. or Stuart L. Berman, Esq., +1-888-299-7706 (toll free), +1-1-610-667-7706, or , both of Schiffrin & Barroway Web site: http://www.sbclasslaw.com/

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