August 16, 2012 - The court approved the stipulation regarding dismissal of defendants. The court dismissed the case with prejudice.
July 19, 2012 - The lead plaintiffs filed a stipulation to dismiss the case.

May 21, 2012 - The court granted defendants' motion to dismiss. The lead plaintiffs may file a second amended complaint.

February 14, 2012 - Defendant filed a motion to dismiss.

December 15, 2011 - The lead plaintiffs filed an amended consolidated complaint.

October 17, 2011 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

August 29, 2011 - Lead plaintiff motions were filed.

June 29, 2011 - An investor in Smith Micro Software Inc (NASDAQ: SMSI) filed a lawsuit in the U.S. District Court for the Central District of California against Smith Micro Software Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges that Aliso Viejo, California-based Smith Micro Sorftware Inc (NASDAQ: SMSI) and certain of its officers and directors violated Federal Securities Laws by issuing false and misleading statements regarding the Company's business prospects and financial results.

Smith Micro Software Inc’s 12months Total Revenue went from $54.47million in 2006 to $107.28million in 2009. But its Net Income went from $8.96million in 2006 to a Net Loss of $.073million in 2008 and a Net Income of $4.75million in 2009.

Shares of Smith Micro Software Inc traded in 2006 as low as $7.20 and increased to $16.95 in November 06. During 2007 SMSI shares reached $19.14 per share but fell to as low as $4.26 in November 08. During 2009 SMSI shares fell in March to under $4 per share but then regained value and traded in September 09 at $12.76 per share. During 2010 traded at roughly $10 before increasing to almost $16 in December 2010 and surpassing $16 in January 2011.

On January 11, Smith Micro Software Inc provided its 2011 Revenue Guidance.

Smith Micro Software Inc (NASDAQ: SMSI) said based on its current financial and customer data and management’s current plans and assumptions, Smith Micro Software Inc expected fiscal 2011 full-year revenues to be in the range of $150 million to $160 million.

In addition, Smith Micro Software Inc expected to report full-year 2010 revenues in-line with its previously announced guidance of approximately $130 million, based on preliminary estimates of fourth quarter 2010 revenues of $35 million (unaudited). Fourth quarter 2010 revenues are subject to change as a result of final management review and closing adjustments prior to filing Smith Micro Software Inc’s Form 10-K for fiscal 2010.

SMSI shares began decreasing from $16.85 on January 6th to $12.28 on January 25th.

Then on February 8, 2011 Smith Micro Software Inc (NASDAQ: SMSI) announced that it has suspended its full-year 2011 revenue guidance. Subsequent to providing 2011 revenue guidance on January 11, 2011, Smith Micro Software Inc said it has become aware that orders in the first quarter for its core connection manager product, primarily from a key customer, will fall below expected levels. Smith Micro Software Inc said it now expects first quarter 2011 revenues to be in the range of $15-20 million. Shares of Smith Micro Software Inc (NASDAQ: SMSI) fell from $13.08 per share on Feb 8th to as low as $7.99 during Feb 9th, a decline of almost 40%.

Then on May 4, 2011, Smith Micro Software Inc announced its quarterly financial results for the first quarter in 2011. For the first quarter in 2011 Smith Micro Software Inc reported a decrease in its quarterly Revenue and Net Income compared to one year earlier. Smith Micro Software Inc’s first quarter Revenue decreased from $29.86million for the first quarter in 2010 to $17.79million for the first quarter in 2011. Its quarterly Net Income fell from $1.59million for the first quarter in 2010 to a Net Loss of $7.75million for the first quarter in 2011. Smith Micro Software INc announced also its second quarter 2011 revenue guidance, which is below analysts estimates.

SMSI stock fell from $7.68 in the beginning of May to slightly below $4 per share in the end of June 2011.