Avanex, Others Named in Suit

BALA CYNWYD, Pa. -- Schiffrin & Barroway, LLP announced today that it recently filed lawsuits on behalf of shareholders of Avanex Corporation, MatrixOne, Inc., Loudeye Technologies, Inc. and Eloquent, Inc. for violations of the federal securities laws. If you purchased the securities of any of the companies listed below during the respective class periods, you may be a member of the class and have until the date specified to move the court to become the lead plaintiff. For more information on a particular lawsuit and to view the complaint, you may visit our website at www.sbclasslaw.com. To learn more about your rights and interests in these cases and your ability to potentially recoup your losses, please contact Schiffrin & Barroway directly at 888-299-7706 (toll free) or 610-667-7706, fax number 610-667-7056 or by e-mail at [email protected]. Avanex Corp.