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Technology Stocks : WDC/Sandisk Corporation
WDC 183.49+6.5%10:05 AM EST
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To: Sam who wrote (28184)5/10/2005 6:42:54 PM
From: Pam   of 60323
 
Hi Sam,

The courts are the only thing keeping LEXR afloat right now.


I am not a lawyer so treat my opinion with a grain of salt, but I had a chance to read a bit about the Lexar complaint and the Summary Ruling by the Judge and Toshiba's response at Lexar's website and needless to say Toshiba was poorly represented and their defense was weak. If Toshiba is going to keep on repeating that the time to sue them has expired so its too late to come after them, it doesn't seem like a good defense strategy to me. I think, the Judge already ruled that even though the time has passed, this complaint has merits to be heard. With Lexar shares jumping last week, it does appear that there are people who believe that Lexar has decent chance of collecting money from Toshiba in this matter. I also get the feeling that Toshiba may end-up settling this matter unless they can come up with a better defense. Well, we will all know next Monday. Both companies and lawyers have a very long w/e ahead of them.

As far as the injunction is concerned, from what I have read it seems unlikely as they take that route generally when there is no hope of collecting the award.

-Pam
PS: As per Slackers post, it seems the ruling date is delayed again.
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