Re: WE may hit $.20+ tomorrow
in response to
by
Message: WE may hit $.20+ tomorrow
prior statement:
Intellectual Property Litigation
In March 2008, we filed a complaint against Avid Technology, Casio America, LG Electronics USA, Nikon, Olympus America, Samsung Electronics America, and Sanyo North America in the U.S. District Court for the Eastern District of Texas asserting that products made by the listed companies infringe four of our U.S. patents covering the use of flash memory technology. These patents are part of our Flash-R patent portfolio. In September 2007 we filed a similar suit in the same jurisdiction against Vivitar, a wholly-owned subsidiary of Syntax-Brillian. In September 2008 we settled and licensed LG Electronics USA and in October 2008 they were dismissed from the lawsuit. We intend to pursue our claims vigorously but the litigation is in the early stage and there is no assurance of further recovery. Although most fees, costs and expenses of the litigation are covered under our contingent fee arrangement with Duane Morris LLP, we may incur support and related expenses for this litigation that may become material.
current statement:
'Intellectual Property Litigation
In September 2007 and March 2008, we filed a complaint against eight companies in the U.S. District Court for the Eastern District of Texas asserting that products made by the listed companies infringe four of our U.S. patents covering the use of flash memory technology. These patents are part of our Flash-R patent portfolio. As we license and settle with individual defendants they are dropped from the complaint. We intend to pursue our claims vigorously against remaining defendants but the litigation is in the early stage and there is no assurance of further settlements or recovery. Although most fees, costs and expenses of the litigation are covered under our contingent fee arrangement with Duane Morris LLP, we may incur support and related expenses for this litigation that may become material."
we're in the dark as the next round of infringers are.
doni
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