METAIRIE, La., Sept. 28, 2007 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, L.L.C. ("O'Bell") announces that it has commenced an investigation into BigBand Networks, Inc. ("BigBand" or the "Company") (Nasdaq:BBND) to determine whether it has violated federal securities laws in connection with its March 2007 public stock offering.
Shares of the company have fallen more than 50 percent since debuting at $15.25 following its initial public offering in March. Shares fell today to an intra-day low of $5.89 after the digital-video network provider cut its third-quarter revenue outlook, announcing that some of its ongoing customer deployments have required more software customization and integration than originally expected. Additionally, BigBand has experienced a slowdown in Telco-TV revenue and softness in its data business.
If you are a BigBand shareholder, and/or have information that would assist in this ongoing investigation, or have other questions relating to any loss you've suffered from your investment, you may e-mail or call O'Bell, without obligation or cost to you. You may contact Eric J. O'Bell personally at 504-456-8677, or by email at ejo@obelllawfirm.com.