UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15553 / November 5, 1997

     SECURITIES AND EXCHANGE COMMISSION v. SHAHRYAR SOROOSH, United States
     District Court for the Northern District of California, Civil Action No. C
     96-3933 VRW.

          The Securities and Exchange Commission announced today that on October
     31, 1997, the Honorable Vaughn R. Walker of the United States District
     Court for the Northern District of California, issued an Amended Judgment
     and Order assessing a civil penalty of $160,000 against the defendant
     Shahryar Soroosh, a resident of Saratoga, California, for illegal insider
     trading and enjoining him from future violations of Section 17(a) of the
     Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of
     1934 and Rule 10b-5 thereunder.  The court also denied Soroosh's motion for
     a new trial and ordered other relief.

          In August 1997, the court ordered Soroosh to disgorge $505,819.00 in
     trading profits, plus prejudgment interest, after finding that Soroosh had
     violated the federal securities laws by engaging in illegal insider
     trading.  The court's opinion followed a four-day bench trial which
     concluded February 6, 1997.  The court found that Soroosh, a forty year
     old, former senior software engineer at Octel Communications Corporation
     ("Octel"), amassed a substantial short position in Octel stock and options
     while in possession of material, nonpublic information concerning an Octel
     software delay.

          The Commission acknowledges the assistance of NASD Regulation, Inc. in
     this matter.

          For further information see Litigation Releases 15141 (October 30,
     1996), 15143 (November 1, 1996), and 15433 (August 6, 1997).



















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