NEW YORK, Nov. 2, 2007 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities and other legal violations regarding the announcement today by Insight Enterprises Inc. ("Insight" or the "Company") (Nasdaq:NSIT) that its net earnings for the third quarter ended September 30, 2007 decreased 46% which appears attributable to a much greater than expected decline in the Company's software business. Insight shares are down over 22% on greatly increased trading volume. The stock drop has wiped out almost $300 million in shareholder value.
Insiders sold no shares in July, but starting in August, 2007, insiders began to exercise options and sell shares, even where the exercise price was not much less than the then market price. Management sold hundreds of thousands of shares in August in advance of the news announced today.
If you: (i) have held Insight shares since at least May of this year and expect to continue to hold them; or (ii) purchased Insight shares and have experienced a decline in their value below their cost (or have sold them at a loss) as a result of today's announcement, and are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will speak with you personally at no cost or obligation.