17 Dec
2003
17 Dec
'03
11:17 p.m.
Business Wire reported yesterday that Cylink has been sued in US District Court of New Jersey for securities fraud through a class action. It alleges misrepresentation and false financial statements. http://jya.com/cylink-suit.htm On November 5 Cylink announced revised revenues for the first half of 1998. The day before William Crowell, ex-NSA, was appointed president in a house sweep of the executive team, apparently after discovery of book cooking. William Perry, ex-DoD, is still listed on the board of directors, although the list seems to be out of date, along with the annual report and letter to stockholders on Cylink's Web site.