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INFORMIX FACES SHAREHOLDER CLASS ACTION SUIT

Informix Corp is facing a shareholder class action arising from its miserable first quarter and some of its officers and directors are charged with 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 during last year.

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