Class action suit filed against Informix Corporation and its officers and directors alleging misrepresentations, false financial statements and insider trading.

SAN DIEGO--(BUSINESS WIRE)--May 22, 1997--A class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Informix Corporation ("Informix") common stock during the period April 16, 1996 to March 31, 1997.

The complaint charges Informix and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about Informix's business, earnings growth and its ability to continue to achieve profitable growth. The complaint also charges that Informix reported false financial results during the Class Period by improperly and artificially inflating its reported revenues. By issuing these allegedly false and misleading statements, defendants artificially inflated Informix's stock price from a closing price of $19-3/8 on April 15, 1996 to a Class Period high of $30-3/8 in September 1996, allowing defendants to sell 960,000 shares of their Informix stock at as high as $26-1/2 per share, for $22.2 million, before the true facts about Informix's troubled operations, diminished profitability, false financial statements and failed new product development efforts were revealed and Informix's stock collapsed to as low as $7-1/8 per share.

Plaintiffs seek to recover damages on behalf of all purchasers of Informix common stock during the Class Period (the "Class"). They are represented by several law firms, including Milberg Weiss Bershad Hynes & Lerach LLP, who have expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Milberg Weiss has been actively engaged in commercial litigation, emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in New York, San Diego, San Francisco and Los Angeles and is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. Visit the firm's website at www.milberg.com.

If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel, William Lerach or Blake Harper of Milberg Weiss at 800/348-6192 or via e-mail at [e-mail].

CONTACT: Milberg Weiss

William Lerach or Blake Harper, 800/348-6192

[e-mail]