6:24 PM
06/22/99
June 22, 1999 17:14
Broadcom, Stanford Telecommunications Settle Litigation; Broadcom Receives Broad License to STel's Patents
IRVINE, Calif.--(BUSINESS WIRE)--June 22, 1999--Broadcom Corporation (Nasdaq: BRCM), a leading provider of integrated circuits enabling broadband communications to and throughout the home and business, today announced that it has settled all outstanding litigation with Stanford Telecommunications, Inc. (STel).
STel had brought an action against Broadcom in the United States District Court for the Northern District of California alleging that certain Broadcom products infringe a digital modulator patent held by STel. Broadcom counterclaimed in that action and brought a separate action against STel in California Superior Court for misappropriation of Broadcom trade secrets. In settlement, the parties agreed to dismiss all claims and counterclaims in both actions.
Under the terms of the settlement agreement, STel granted to Broadcom a worldwide, non-exclusive, royalty-free license to STel's rights in patents and patent applications, and all inventions conceived, through the date of the agreement, relating to any transmitter or receiver technology, or design or invention capable of use over a coaxial cable transmission medium. STel also agreed not to bring any future action against Broadcom, its suppliers or customers for patent infringement or trade secret misappropriation resulting from commercial use of any of Broadcom's existing technology, designs or products.
Broadcom also obtained the option to acquire licenses on commercially reasonable terms to STel's patent claims based upon Code Division Multiple Access (CDMA) inventions capable of use over a coaxial cable transmission medium. Those claims were excluded from the current license.
In connection with the settlement, Broadcom made a one-time payment to STel and the parties exchanged mutual releases. Neither party admitted any liability in connection with the various actions.
About Broadcom
Broadcom Corporation is a leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, data and video content to and throughout the home and within the business enterprise. Using proprietary technologies and advanced design methodologies, the company designs, develops and supplies integrated circuits for some of the most significant broadband communications markets, including the markets for cable set-top boxes, cable modems, high-speed office networks, home networking, direct broadcast satellite and terrestrial digital broadcast, and digital subscriber line (xDSL). Broadcom is headquartered in Irvine, Calif., and may be contacted at 949-450-8700 or at www.broadcom.com.
Safe Harbor Statement of Broadcom Corporation under the Private Securities Litigation Reform Act of 1995:
This release may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Our recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other Securities and Exchange Commission filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Broadcom(R) and the pulse logo are trademarks of Broadcom Corporation and/or its subsidiaries. All other trademarks are the property of their respective owners.
CONTACT: Broadcom Corp., Irvine
Media Contact
Senior Director -- Corporate Communications
Bill Blanning, 949/450-8700
blanning@broadcom.com
or
Financial Analyst Contact
Vice President and Chief Financial Officer
William J. Ruehle, 949/450-8700
billr@broadcom.com
or
Investor Relations Contact
Esteban R. Torres, 949/585-5663
etorres@broadcom.com
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