HARTFORD, Conn., March 25, 2008 LAWFUEL — The law firm of
Schatz Nobel Izard P.C., which has significant experience representing
investors in prosecuting claims of securities fraud, announces that it
is investigating possible securities law violations by Aruba Networks,
Inc. (“Aruba Networks” or the “Company”) (Nasdaq:ARUN).
The investigation concerns whether Aruba Networks misrepresented
materially adverse information, beginning on November 21, 2007,
concerning the basis for its revenue projections for the Second Quarter
of fiscal year 2008. When Aruba Networks disclosed poor financial
results after the end of the Second Quarter, on February 7, 2008, the
Company attributed these poor results to facts known to the Company as
of November 21, 2007. On this news, the Company’s stock fell from a
close of $7.76 per share on February 7, 2008 to a close of $4.92 per
share on February 8, 2008 — a drop of $2.86, or almost 37 percent.
If you purchased the common stock of Aruba Networks between November
21, 2007 and February 7, 2008, or if you have additional information
about Aruba Networks, or if you would like more information about this
investigation, class action cases in general, and your rights, please
contact Schatz Nobel Izard P.C. toll-free at (800) 797-5499, or by
e-mail at [email protected], or visit our website: www.snilaw.com.
CONTACT: Schatz Nobel Izard P.C.
Wayne T. Boulton
Nancy A. Kulesa