MERX Merix (MM)

Oregon Law Firm Files Shareholder Class Action Against Merix Corp. PORTLAND, Ore., June 17 /PRNewswire/ -- The following statement was issued today by the Portland, Oregon law firm of Stoll Stoll Berne Lokting & Shlachter P.C.: 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) between July 1, 2003 and May 13, 2004, inclusive (the "Class Period"). If you purchased Merix common stock during the Class Period and wish to discuss this action, or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Stoll Stoll Berne Lokting & Shlachter P.C. (David F. Rees) at 1-503-227-1600 or via e-mail at . The complaint charges Merix and certain of its officers and directors with issuing false and misleading statements, including overly optimistic earnings and revenue projections, statements regarding increasing demand for its premium priced and quick-turn products. Specifically, the complaint alleges that, during the Class Period, the Company issued materially false statements that demand for its premium-priced and quick-turn products was increasing, when it knew that demand was in fact softening for its product, especially with regard to a major networking customer. These statements had the effect of artificially raising the price of Merix stock so that Merix could complete a public offering generating more than $100 million, and so insiders could sell more than $3.2 million of Merix stock during the Class Period. Investors who purchased Merix shares during the Class Period did so at inflated prices and were thereby damaged. On May 14, 2004, Merix stunned investors by announcing that it was not going to meet its previously issued earnings guidance for the quarter ending May 29, 2004 of $0.19 to $0.22 per share, and the company would actually post a loss of $0.03 to $0.06 per share. Plaintiff seeks to recover damages on behalf of class members. Stoll Stoll Berne Lokting & Shlachter P.C. has prosecuted a number of class actions on behalf of investors and shareholders in Oregon federal court. 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. In order to serve as lead plaintiff, however, you must meet certain legal requirements. DATASOURCE: Stoll Stoll Berne Lokting & Shlachter P.C. CONTACT: David F. Rees of Stoll Stoll Berne Lokting & Shlachter P.C., +1-503-227-1600, or Web site: http://www.ssbls.com/

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