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Technology Stocks : Sykes Enterprises (SYKE)
SYKE 54.000.0%Aug 26 4:00 PM EDT

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To: John Ritter who wrote (28)2/7/2000 6:20:00 PM
From: Ken M   of 48
 
(COMTEX) B: Milberg Weiss Announces Class Action Against Sykes Enterp
B: Milberg Weiss Announces Class Action Against Sykes Enterprises, Inc.

NEW YORK, Feb 7, 2000 (BUSINESS WIRE) -- The following was announced
today by the law firm of Milberg Weiss Bershad Hynes & Lerach LLP:

Notice is hereby given that a class action lawsuit was filed on
February 2, 2000, in the United States District Court for the Middle
District of Florida, Tampa Division, on behalf of all persons who
purchased the common stock of Sykes Enterprises, Inc. ("Sykes" or the
"Company") (Nasdaq: SYKE) between Oct. 25, 1999, and Jan. 31, 2000,
inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning
this notice or your rights or interests with respect to these matters,
please contact, Milberg Weiss Bershad Hynes & Lerach ("Milberg Weiss"),
in Boca Raton: Kenneth Vianale or Maya Saxena at 5355 Town Center Road,
Suite 900, Boca Raton, Florida 33486, by telephone (561) 361-500, or in
New York: Steven G. Schulman or Samuel H. Rudman at One Pennsylvania
Plaza, 49th Floor, New York, New York 10119-0165, by telephone
1-800-320-5081 or via e-mail: endfraud@mwbhlny.com or visit our website
at www.milberg.com.

The complaint charges Sykes and certain of its senior officers and
directors with violations of Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The
complaint alleges that defendants issued a series of materially false
and misleading statements concerning the Company's financial condition,
revenues and earnings. The complaint further alleges that on February
1, 2000, the Company announced that it would be forced to delay the
release of fourth quarter earnings because its audit was "incomplete."
In response, the stock fell nearly 33% on unusually large trading
volumes of over 11,000,000.

Plaintiff seeks to recover damages on behalf of class members and is
represented by the law firm of Milberg Weiss, and others. Milberg Weiss
maintains offices in New York City, San Diego, Los Angeles, San
Francisco and Boca Raton and is active in major litigations pending in
federal and state courts throughout the United States. Milberg Weiss
has taken a leading role in numerous important actions on behalf of
defrauded investors, and is responsible for a number of outstanding
recoveries which, in the aggregate, total approximately $2 billion. For
more information about Milberg Weiss, please visit our website at
www.milberg.com.

If you are a member of the class described above you may, not later
than sixty days from Feb. 2 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.



Copyright (C) 2000 Business Wire. All rights reserved.



Distributed via COMTEX.
-0-
CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP
Boca Raton Office
Kenneth Vianale/Maya Saxena
561/361-5000
New York Office
Shareholders Services Dept.
800/320-5081
E-Mail: endfraud@mwbhlny.com
TICKERS: NASDAQ:SYKE

WEB PAGE: businesswire.com

GEOGRAPHY: NEW YORK FLORIDA

INDUSTRY CODE: LEGAL/LAW
CLASS
ACTION
LAWSUITS

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