"SANTA CLARA, Calif., April 1, 2014 /PRNewswire/ -- Marvell (NASDAQ: MRVL), a global leader in integrated silicon solutions, announced that on March 31, 2014, the United States District Court for the Western District of Pennsylvania issued its judgment on the remaining motions in a lawsuit brought by Carnegie Mellon University ("CMU") against Marvell and Marvell Semiconductor, Inc. ("MSI"), Marvell's U.S. operating subsidiary. The Court rejected CMU's motion for an injunction which would block Marvell from selling chips that the jury found to be infringing. The Court also rejected CMU's demand for approximately $326 million in pre-judgment interest, and substantially scaled back CMU's request for enhanced damages. Based on these decisions, the Court calculated the damages, including enhancement, to total approximately $1.54 billion. The Court held that under its decision, CMU is entitled to post judgment interest and an on-going royalty.


Under the schedule set by the Court, the parties now have until April 15, 2014 to propose terms of a final judgment, consistent with the Court's orders. Once final judgment is entered, Marvell intends to immediately appeal to the Federal Circuit Court of Appeals. The Court recognized that "the prior filings related to the parties' bond disputes indicate that Marvell would likely be qualified for a bond in an amount of $1.5 billion," and stated that this is "an amount which will cover the current judgment. [ ]"


Read more at http://www.virtual-strategy.com/2014/04/01/marvell-technology-group-appeal-patent-decision#MtchzGOrJSo01mTD.99

April 1, 2014 at 4:35 PM

I guess it is okay to dream...