Rambus Inc. to Appeal Verdict in Infineon Case
LOS ALTOS, Calif., May 9, 2001 (BUSINESS WIRE) -- Rambus Inc. announced that it plans to immediately appeal today's verdict of fraud with regard to Rambus' participation in a standard-setting group known as JEDEC. In addition, Rambus will file post-trial briefs with the U.S. District Court for the Eastern District of Virginia to set aside today's verdict.
"We are obviously disappointed in today's verdict and will immediately appeal," said Geoff Tate, CEO of Rambus. "The innovations at issue are Rambus inventions, and the evidence presented at trial made it clear that Infineon knew all along that they were Rambus inventions."
"I attended the whole trial and continue to believe that Infineon's JEDEC charges are completely baseless. Rambus abided by JEDEC's rules despite the fact that these rules have been shown to be confusing, conflicting, poorly communicated and generally not complied with by other JEDEC members. Today's verdict, if allowed to stand, poses a serious threat to all technology companies that try to protect their inventions through our intellectual property laws. It puts innovators at risk of forfeiting their intellectual property rights by simply attending meetings of a standard setting committee."
"Rambus will continue to fight to protect its intellectual property. As we have long maintained, it is our right, as well as our obligation to Rambus shareholders, to take all appropriate measures to protect our patented innovations. We will vigorously defend our patent rights against any company that attempts to use our innovations without compensation," continued Mr. Tate.
According to the terms of the judgement, Rambus was found not guilty of all other charges but must pay punitive damages of $3.5 million which may likely be reduced according to Virginia law. |
