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Technology Stocks : Power Integrations (POWI)

POWI 33.39

-0.4%

1:32 PM EST

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To: geoffrey Wren who wrote (232)	10/18/1999 12:06:00 PM
From: A Capella	Read Replies (1) of 449

Power Integrations shares soar 14 percent NEW YORK, Oct 18 (Reuters) - Shares of Power Integrations Inc. hit a new 52-week high in early trade Monday on twice its average daily volume, after the circuit provider said it won $32.3 million in damages in a patent infringement lawsuit it launched against Motorola Corp. (NYSE:MOT - news) Power Integrations climbed 12 points to 85, up from a previous high of 79-1/8 and a low of 11-7/8. Within an hour of the market open, 254,000 shares had traded hands, compared with Power Integrations' average trading volume of 106,565 a day. Motorola shares were also up 1-5/8 to 89-5/8, still off a high of 101-3/16. The Sunnyvale, Calif.-based company said a jury found late Friday that Motorola, the communications and technology company, willfully infringed one of Power Integrations' patents for high-voltage power conversion integrated circuits. Company officials were not available to say which court issued the decision. Motorola officials did not immediately return calls for comment.

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