METAIRIE, La., Jan. 8, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announces that it has commenced an investigation into ShoreTel, Inc. ("ShoreTel" or the "Company") (Nasdaq:SHOR) to determine whether it has violated federal securities laws following the Company's announcement yesterday regarding preliminary results for the quarter ended December 31, 2007.
Shares of ShoreTel, a provider of business phone systems carried over the Internet, fell 54% to close at $6.02 yesterday after it announced its fiscal second quarter sales would be lower than expected due to a decline in sales in new customers. Shares of ShoreTel went public in July 2007. If you are a ShoreTel shareholder, and/or have information that would assist in this ongoing investigation, or have other questions relating any loss you've suffered in your investment, you may e-mail or call Eric J. O'Bell directly without obligation or cost to you at 504-456-8677, or by email: ejo@obelllawfirm.com.