Berman DeValerio & Pease Announces Class Actions Against Interspeed, Inc. and Brooktrout, Inc.

Business/Technology Editors and Legal Writers

BOSTON--(BUSINESS WIRE)--Nov. 2, 2000

Berman DeValerio & Pease LLP (www.bermanesq.com) today reminded investors that separate securities fraud class actions are pending against Interspeed, Inc. (NASDAQ: ISPD) and Brooktrout, Inc. (NASDAQ:BRKT).

The complaint against Interspeed seeks damages for violations of federal securities laws on behalf of all investors who bought Interspeed common stock between October 4, 1999 and October 6, 2000 (the "Class Period"). The complaint against Brooktrout covers investors who bought Brooktrout common stock between February 3, 2000 and October 6, 2000.

Both lawsuits were filed last month in the United States District Court for the District of Massachusetts. Interspeed is based in North Andover, Mass. Brooktrout is based in Needham, Mass. Boston-based Berman DeValerio & Pease has prosecuted securities fraud class actions for nearly two decades.

The Interspeed complaint charges that Interspeed issued materially false and misleading statements concerning its business and financial results that inflated its stock price during the Class Period. Specifically, the lawsuit says Interspeed improperly recorded revenue during the first three quarters of fiscal 2000. On October 6, 2000, the company said it expected to restate "unaudited results for the interim periods." In the same announcement, the company said its chief executive officer, Stephen Ide, had resigned, and that two other high-level employees had been fired. In the wake of the announcement, Interspeed's stock price fell to as low as $1 from a high of $37 during the Class Period.

The complaint also includes majority shareholder Brooktrout as a co-defendant. According to the lawsuit, Brooktrout owned a majority interest in Interspeed and controlled its board of directors during the Class Period; therefore, it is responsible for Interspeed's illegal actions as a "control person" under Section 20(a) of the U.S. Securities Exchange Act of 1934.

The second complaint, filed on behalf of investors who purchased Brooktrout stock between February 3, 2000 and October 6, 2000, accuses Brooktrout of improperly recognizing revenues from Interspeed during that time period.

If you purchased Interspeed common stock between October 4, 1999 and October 6, 2000, or if you acquired Brooktrout common stock between February 3, 2000 and October 6, 2000, you may wish to contact the following attorneys at Berman DeValerio & Pease to discuss your rights and interests:

Jennifer L. Finger, Esq.

Michael G. Lange, Esq.

Berman DeValerio & Pease

One Liberty Square, Boston, MA 02109

[e-mail]

[phone]

You may also visit us at our website at www.bermanesq.com.

If you wish to apply to be lead plaintiff, a motion must be filed on your behalf with the court no later than December 11, 2000 (for Interspeed shareholders) or December 12, 2000 (for Brooktrout shareholders). To be a member of either class you need not take any action at this time and you may retain counsel of your own choice. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman DeValerio & Pease to discuss your rights regarding the appointment of lead plaintiff and your interest in the class actions.

With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has prosecuted shareholder class actions since 1982, recovering more than $1 billion for investors. The firm has acted as lead counsel in numerous lawsuits in which its clients accused companies of violating federal securities laws. It has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in each case. Contact: Jennifer L. Finger, Esq. at [phone] or [e-mail].