BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the common stock of PDF Solutions, Inc. (“PDF Solutions” or the “Company”) (NASDAQ:PDFS) concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by PDF Solutions concerning the Company’s business and financial prospects. PDF Solutions provides infrastructure technologies and services in Asia, Europe and North America to enhance yield and optimize performance of integrated circuits.
The investigation is related to the Company’s September 29, 2014, announcement that the Company is pursuing resolution with a client concerning two contracts that the Company previously anticipated to close early in the second half of 2014, but which the Company now believes will not be signed. Based on this change in status, “the Company intends to recognize in the third fiscal quarter of 2014 approximately $1.9 million in previously deferred costs associated with the services, technology, and intellectual property the Company provided to date in connection with these contracts.” In addition, as a result of these contracts not signing, the Company expects Design-to-silicon-yield solutions revenue to be negatively impacted by approximately $7-$8 million in the third fiscal quarter of 2014, and by $10-$12 million for the full fiscal year.
Following this news, PDF Solutions shares dropped more than 28%, or $5.03 per share, to close at $12.61 per share on September 30, 2014, on unusually heavy volume.
If you purchased PDF Solutions common stock, if you have information or would like to learn more about these claims, or if you 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 www.howardsmithlaw.com.