Berger & Montague, P.C Announces Class Action Lawsuit Against New Era Of Networks, Inc.

Business Editors/Legal Writers

PHILADELPHIA--(BUSINESS WIRE)--Feb. 8, 2001

The law firm of Berger & Montague, P.C. (http://www.investorprotect.com), filed a class action today in the United States District Court for the District of Colorado on behalf of all persons or entities who purchased New Era of Networks, Inc. (NASDAQ:NEON - news) common shares during the period from October 18, 2000 through November 21, 2000, inclusive.

The complaint charges New Era of Networks, Inc. and certain of its officers with violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 by reason of material misrepresentations and omissions. The complaint alleges that certain officers and directors issued false and misleading statements concerning the Company's financial results for the third quarter 2000. The Company did not disclose during the Class Period, but later acknowledged in an SEC filing, that the record revenues and earnings reported for its third quarter 2000 resulted from the Company's practice of selling software to companies in exchange for equity in its customers and booking the sales as non-cash revenue. Disclosure of this previously concealed information caused the Company's stock to plummet over 50% on November 21, 2000.

The lawsuit seeks to recover losses suffered by investors who purchased shares of the Company during the class period, excluding defendants and their affiliates.

If you purchased New Era of Networks, Inc.'s common stock during the period from October 18, 2000 through November 21, 2000, inclusive, you may, no later than March 5, 2001 move to be appointed lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery, is not, however, affected by the decision whether or not to serve as a lead plaintiff.

The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries of several billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Rite Aid, Sotheby's, Waste Management, Inc., Sunbeam, Boston Chicken and IKON Office Solutions, Inc. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example:

"Class counsel did a remarkable job in representing the class interests." In Re: IKON Offices Solutions Securities Litigation. Civil Action No. 98- 4286(E.D.Pa.) (partial settlement for $111 million approved May, 2000). "...[Y]ou have acted the way lawyers at their best ought to act. And I have had a lot of cases ... in 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here... I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C 7709 (N.D. Ill.) (settled in 1999 for $220 million).

If you purchased New Era of Networks common stock, or have any questions concerning this notice or your rights with respect to this matter, you may contact:

Sherrie R. Savett, Esquire Douglas M. Risen, Esquire Kimberly A. Walker, Investor Relations Manager Berger & Montague, P.C. 1622 Locust Street Philadelphia, PA 19103 Phone: [phone] or 215-875-3000 Fax: [phone] Website: http://www.investorprotect.com e-mail: [e-mail]