Announcement From NDS.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--Feb. 3, 2004 NDS See eDirectory. NDS - Netware Directory Services today announced that the federal investigation into allegations made by certain of the Company's competitors has been closed. The U.S. Attorney in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California informed NDS today that it has completed its investigation of those allegations against the Company and has concluded that, based upon information and evidence gathered, the claims against the Company did not warrant further investigation or action. As previously announced, the U.S. Attorney's office in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA, served NDS Americas, Inc, with subpoenas in October 2002. The subpoenas sought documents in connection with an investigation of claims that NDS had caused the publication of computer code to enable third parties to compromise certain satellite pay television broadcast systems. The investigation was transferred to the U.S. Attorney's Office in Los Angeles, CA. NDS cooperated with the investigation. About NDS NDS Group NDS Group plc is a DRM and conditional access firm. It is listed on the NASDAQ (symbol NNDS), but its major shareholder is News Corporation. The company is headquartered in West Drayton (near Heathrow), United Kingdom. The CEO of NDS is Abe Peled. plc (NASDAQ/Euronext Brussels:NNDS NNDS Norsk Nettverk for Down Syndrom (Norway) ) is a leading supplier of open end-to-end digital pay TV solutions for the secure delivery of entertainment and information to television set-top boxes and IP devices. See http://www.nds.com/ for more information about NDS. Cautionary Statement Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements contained in this release which are not historical facts may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements relate to the plans, projections or future performance of NDS, which involve certain risks and uncertainties, including risk of market acceptance, the effect of economic conditions, possible regulatory changes, technological developments, the impact of competitive pricing and the ability of NDS and its commercial partners to develop systems and solutions which meet the needs of the broadcasting industry in a timely and cost-efficient manner, as well as certain other risks and uncertainties which are detailed in NDS' filings with the SEC. Company or product names have been used for identification purposes only and may be the trademarks or registered trademarks of their respective companies. |
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