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Technology Stocks : Ampex Corp: Digital Storage
AMPX 8.725+10.6%3:56 PM EST

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To: Rockin' Denny 'O' who wrote (2438)3/28/1997 11:12:00 AM
From: K.Martin   of 3256
 
Here is the announcement:

Friday March 28 10:01 AM EDT
Ampex Corporation successfully defends patent
infringement lawsuit by Mitsubishi Electric
REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 28, 1997-- Ampex Corp reported
today that it had successfully defended a patent infringement lawsuit brought by Mitsubishi
Electric Corp.
The suit was filed in the United States District Court for the Central District of California and
alleged infringement of two Mitsubishi patents by certain Ampex video and data recorder
products. Mitsubishi had filed the suit in December 1995, two months after Ampex had filed suit
against Mitsubishi in the United States District Court for the District of Delaware, alleging
infringement by Mitsubishi of three Ampex patents relating to certain Mitsubishi video recorder
and television products.
The California court determined that Ampex has no liability to Mitsubishi, finding in favor of
Ampex with respect to both Mitsubishi patents. The trial of Ampex's suit against Mitsubishi is
scheduled to begin on Monday, March 31, 1997.
Ampex Corporation, with headquarters in Redwood City, is one of the world's leading
innovators in the fields of magnetic recording, image processing and high performance digital
storage. Currently, Ampex is focusing its technology on the emerging market for mass digital
storage in the visual information age. During its 53-year history of innovation, Ampex has been
granted thousands of patents and has earned numerous awards for technical achievement. Today,
Ampex customers include numerous well-known organizations such as AT&T, Boeing, Mobil
Oil, Time Warner and NASA.
CONTACT: Ampex Corporation
Karen D. Schweikher, 415/367-4111
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