Oct. 08, 2012 (Update) -- On October 4, 2012, Saba Software, Inc further said that subsequent to August 6, 2012 and in connection with the Company's work on the restatement, the Company also identified instances of consultants recording fewer billable hours than actually expended on projects and as a result of these findings, the scope of the restatement has been expanded to address accounting implications arising from the under-recording of billable hours beyond those in which consultants from the Company's India consulting group were involved.

Shares of Saba Software, Inc. (NASDAQ:SABA) fell from $13.08 per share on March 26, 2012, to $9.94 per share on March 29th and continued to decline to as low as $7.34 per share on August 24, 2012.

On October 5, 2012, NASDAQ:SABA shares closed at $9.46 per share.

August 27, 2012 (Update) -- On August 6, 2012, Saba Software, Inc announced that as a result of the previously reported accounting review, its management has determined, in consultation with the Audit Committee of the Companys Board of Directors, that its annual financial results for fiscal years 2011 and 2010, and the quarterly results for the periods within such fiscal years and for the first and second quarters of fiscal year 2012, should be restated.

Shares of Saba Software, Inc. (NASDAQ:SABA) fell from $13.08 per share on March 26, 2012, to $9.94 per share on March 29th and continued to decline to as low as $7.34 per share on August 24, 2012.

San Diego, April 2, 2012 (Shareholders Foundation) -- Following the announcement by Saba Software, Inc. that it will delay its third quarter fical year 2012 earnings release an investigation for investors in NASDAQ:SABA shares over potential securities laws violations by Saba Software, Inc. and certain of its directors and in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Saba Software, Inc. (NASDAQ:SABA) concerning whether a series of statements by the Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Saba Software, Inc. reported that its Total Revenue increased slightly from $107.78million for a 12months period ending on May 31, 2008 to $116.66million for a 12months period ending on May 31, 2011. However, its Net Loss over the same time frames increased from $3.54million to $7.26million.

Shares of Saba Software, Inc. (NASDAQ:SABA) rose from as low as $0.95 per share in December 2008 to as high as $13.08 per share on March 26, 2012.

Then on March 28, 2012, Saba Software, Inc. announced that it is delaying its third quarter fiscal year 2012 earnings release.

NASDAQ:SABA shares dropped from $13.00 on March 27, 2012 to $9.55 on March 30, 2012 and closed on April 5, 2012 at $9.94 per share.