Harwood Feffer LLP Encourages Investors Who Have Losses From Their Investment in Equinix, Inc. To Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the May 5, 2011 Lead Plaintiff Deadline

NEW YORK--()--Harwood Feffer LLP announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of the common stock of Equinix, Inc. (“Equinix” or the “Company”) (NASDAQ:EQIX) on behalf of investors who purchased between and including July 29, 2010 and October 5, 2010 (the “Class Period”).

No class has yet been certified in the above action. Class members will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than May 5, 2011 and be selected by the court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages to serve as a lead plaintiff. You may contact the Harwood Feffer LLP website (http://www.hfesq.com) or James G. Flynn, directly, at jflynn@hfesq.com to ask any questions you may have in that regard.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and financial results. In particular, the complaint alleges that defendants failed to disclose that Equinix was having difficulty with the integration of Switch & Data Corporation Facilities Company into its operations due to a decline in bookings prior to the close of the acquisition and due to the Company’s synergy plan. The complaint further alleges that defendants further continuously insisted that the demand for the Company’s co-location services was robust, but failed to disclose that the Company’s business model was not working and was causing the Company to experience increased churn and pricing pressure on its co-location services. As a result of defendants’ false statements, Equinix’s stock traded at artificially inflated prices during the Class Period, reaching a high of $105.09 per share on October 5, 2010.

On October 5, 2010, after the market closed, Equinix issued a press release announcing revised third quarter and fiscal year 2010 guidance. The Company reported expected revenue in the range of $328.0 to $330.0 million for the third quarter of 2010. The Company further reported expected revenues for the full year 2010 of approximately $1,215.0 million, or 1.2% lower than the midpoint of its previous outlook. On this news, Equinix’s stock collapsed $34.75 per share to close at $70.34 per share on October 6, 2010, a one-day decline of over 33% on high volume.

If you purchased shares of Equinix between July 29, 2010 and October 5, 2010 and suffered a loss resulting from such purchase and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
James G. Flynn, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email:

rharwood@hfesq.com

jflynn@hfesq.com

Website:

http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Contacts

Harwood Feffer LLP
Robert I. Harwood, 877-935-7400 or 212-935-7400
rharwood@hfesq.com
or
James G. Flynn, 877-935-7400 or 212-935-7400
jflynn@hfesq.com

Contacts

Harwood Feffer LLP
Robert I. Harwood, 877-935-7400 or 212-935-7400
rharwood@hfesq.com
or
James G. Flynn, 877-935-7400 or 212-935-7400
jflynn@hfesq.com