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Topic: (NASDAQ:OMGA) , (NASDAQ:DBCC) Data Broadcasting, (NASDAQ:DTLN) Data
Transmission Ntwk, (AMEX:PQT) PC Quote, (NASDAQ:EGRP) E Trade Group,
Headline: Omega Research Receives Final Order For Dismissal Of All Claims In
Class Action Securities Lawsuit
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MIAMI--(BUSINESS WIRE)--July 8, 1999--Omega Research, Inc.
(NASDAQ:OMGA) announced today that it has received from the United
States Court of Appeals for the Eleventh Circuit a final order which
dismisses with prejudice all claims against the Company and all other
defendants in the class action securities lawsuit filed against it
January 28, 1998 in federal district court in Miami. This order brings
final closure to the case, which was styled RICHARD M. RHODES,
individually and on behalf of all others similarly situated,
Plaintiffs, vs. WILLIAM R. CRUZ; RALPH L. CRUZ; OMEGA RESEARCH, INC.;
BANCBOSTON ROBERTSON STEPHENS; LEHMAN BROTHERS; and HAMBRECHT & QUIST,
Defendants, Case No. 98-0174-CIV-LENARD.
Marc J. Stone, Vice President of Corporate Development and
General Counsel, Omega Research, commented, "We are certainly pleased
that this case, which we have maintained from the beginning was
totally without merit, is now officially closed."
Omega Research's 2000i line of software products is compatible
with the following real-time Internet and broadcast data services:
Data Broadcasting Corporation's (NASDAQ:DBCC) Signal Online
(Internet), StockEdge Online (Internet), InSite (Internet), DBC Signal
(Broadcast) and BMI (Broadcast); Data Transmission Network
Corporation's (NASDAQ:DTLN) DTN Real Time and DTNstant (Broadcast);
and PC Quote, Inc.'s (AMEX:PQT) Hyperfeed(tm) (Internet and
Broadcast). Agreements are also in place to add, later this year, as
compatible real-time data services, FutureSource Information Systems,
Inc.'s MDS network and stand-alone datafeeds, and Standard & Poor's
ComStock's Xpressfeed(tm). The products also enable the user to access
through the Internet, with a click of the mouse, the online brokerage
services of E*TRADE (NASDAQ:EGRP) and Wall Street Access.
Founded in 1982, and headquartered in Miami, Florida, Omega
Research, Inc. is a leading provider of real-time investment analysis
software for the Windows operating system. With the 1991 release of
its flagship product, TradeStation(R), the Company pioneered the
concept of utilizing the power of the personal computer to enable
investors to historically test the profitability of their own
investment strategies and then computer-automate those strategies to
generate real-time buy and sell signals. Omega Research's other
principal products are OptionStation(R), RadarScreen(tm), Omega
Research ProSuite(tm) and SuperCharts(R). The current shipping
versions of such products are TradeStation 2000i, OptionStation 2000i,
RadarScreen 2000i, Omega Research ProSuite 2000i and SuperCharts 4.
CONTACT: Omega Research, Inc., Miami
Salomon Sredni, Vice President of Operations
and Chief Financial Officer
305-485-7000
Visit the Omega Research web site at:
www.omegaresearch.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
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Copyright 1999, Business Wire
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