Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Daktronics, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses

LOS ANGELES, Nov. 15 /PRNewswire/ -- Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the District of South Dakota on behalf of a class consisting of all persons or entities who purchased or otherwise acquired the securities of Daktronics, Inc. ("Daktronics" or the "Company") , between November 15, 2006 and April 5, 2007, inclusive (the "Class Period").

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at [phone] or Toll Free at [phone], by email at [e-mail], or visit our website at http://www.glancylaw.com/.

The Complaint charges Daktronics and certain of Daktronics' executive officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and dissemination of materially false and misleading statements concerning the Company's business, operations, and prospects, caused Daktronics' stock price to become artificially inflated, inflicting damages on investors. Daktronics engages in the design, manufacture, marketing, and support of electronic scoreboards, large electronic display systems, and related marketing services. The Company offers digital messaging solutions, software, and services for sports venues, commercial, and transportation applications.

The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Daktronics' business, operations, and prospects, were materially false and misleading. Specifically, the Complaint alleges that defendants' public statements were false and misleading or failed to disclose or indicate the following: (1) that large orders were being delayed; (2) that the Company was unable to control its operating expenses; (3) that the marketplace for sports and digital billboards was softening, such that the Company was not able to book sufficient orders; (4) that the Company was not performing according to internal expectations; (5) that the Company lacked adequate internal controls; and (6) that as a result of the above, the statements made by the Company and management during the Class Period lacked a reasonable basis.

On April 5, 2007, Daktronics shocked investors when it revised downward the Company's previously issued guidance for the fiscal fourth quarter ending April 28, 2007. On this news, shares of Daktronics declined $5.78 per share, more than 20%, to close on April 9, 2007, at $22.13 per share, on unusually heavy volume.

Plaintiff seeks to recover damages on behalf of class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the class described above, you may move the Court, no later than January 6, 2009, to serve as lead plaintiff, however, you must meet certain legal requirements. 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 Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at [phone] or Toll Free at [phone] or by e-mail to [e-mail].