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TMCNet:  XILINX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Xilinx Inc. Following Disclosure of Disappointing Results and Analysts Downgrades

[July 23, 2014]

XILINX INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Xilinx Inc. Following Disclosure of Disappointing Results and Analysts Downgrades

NEW ORLEANS --(Business Wire)--

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Xilinx (News - Alert) Inc. (NMS: XLNX).

On July 22, 2014, Xilinx reported lower than expected first quarter fiscal 2015 revenue, reporting sales of only $613 million, below analysts' estimates of $631 million. The Company also forecast that its sales could drop as much as 4% in the second quarter. These results contradict what Company representatives stated in presentations in May 2014. For example, on May 6, 2014, CFO Jon Olson made a presentation at the Robert W. Baird & Co. Inc. Growth Stock Conference, stating that, "we do see growth in the 8% to 12% topline growth range over the next couple of years." On May 20, 2014, Olson made a presentation at the JPMorgan Global Technology (News - Alert), Media and Telecom Conference, stating that, "we are expecting rowth in comms overall, but we also are expecting very strong growth out of industrial, scientific, medical, and aerospace and defense, as well as automotive next year" and that "[w]e would expect all geographies for us to grow year on year."


On this news, Xilinx was downgraded by multiple analysts and the price of its shares plummeted by over 14%.

KSF's investigation is focusing on whether Xilinx and/or its officers and directors violated state or federal securities laws.

If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com) toll free at 1-877-515-1850.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.


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