AMD LOSES IN COURT
Jerry Sanders gave Altera a Patent cross license and then turned around and sued Altera for Patent Infringement!
Way to go Jerry!
And he lost the SUIT.
Now he opened himself and AMD up for ALtera's COUNTER-SUIT.
More money being wasted away at the Sunnyvale White House!
Anybody surprised?
Paul
{=======================================}
biz.yahoo.com
Thursday October 23 11:26 AM EDT
Company Press Release
Altera Wins Decision Eliminating AMD's Patent Claims
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 23, 1997--Altera Corporation (NASDAQ:ALTR) announced today
that in its patent litigation with AMD, the court has ruled in favor of Altera's position that all of AMD's patents
which were asserted against Altera in the lawsuit are covered by the patent cross licensing agreement between
the parties.
Rodney Smith, Chairman and CEO of Altera Corporation, stated ''The ruling by the court has eliminated all
claims brought by AMD in its suit against Altera. Now we intend to vigorously pursue our claims of patent
infringement against AMD.''
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that statements concerning the ruling by the
court involves risks and uncertainty with respect to the potential appeals that may be filed by AMD.
Altera Corporation, founded in 1983, is a world-wide leader in high-performance, high-density programmable
logic devices and associated computer aided engineering (CAE) logic development tools. Programmable
logic devices are semiconductor chips that offer on-site programmability to customers. The chips are
programmed with tools that run on personal computers or engineering workstations. User benefits include ease
of use, lower risk, and fast time-to-market. The Company offers the broadest line of CMOS programmable logic
devices that address high-speed, high-density, and lower power applications. Altera products serve a broad
range of market areas, including telecommunications, data communications, computers, and industrial
applications. Altera common stock is traded on the Nasdaq Stock Market using the symbol ALTR.
Contact:
Altera Corporation
VP/GENERAL COUNSEL
C. Wendell Bergere, 408/544-7707
VP/INVESTOR RELATIONS
Thomas J. Nicoletti, 408/544-7707
VP FINANCE, CHIEF FINANCIAL OFFICER
Nathan Sarkisian, 408/544-7707
More news for referenced ticker symbols: ALTR, and related industries: EDA/CAD, computer, government,
internet.
Help
Copyright c 1997 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms
of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of
these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database,
redistributing via a computer network or in a printed form.
Important Disclaimers and Legal Information
Questions or Comments? |
