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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST
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To: Tony Viola who wrote (91994)11/9/1999 6:36:00 PM
From: The Duke of URL©  Read Replies (2) of 186894
 
This is from the 10 Q released today and there was a short blurb by Maria on cnbc and it sort of did imply that INTC had already lost. As you know, a reporting company must give a reasonable approximation of the value (damages) of the case, in the event it is lost.

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In June 1998, TechSearch L.L.P. ("TechSearch") filed suit against Intel in the United States District Court for the Northern District of Illinois alleging that Intel's microprocessors based on the P6 microarchitecture infringe a patent related to emulation technology. The suit seeks damages and an injunction. This case has since been transferred to the United States District Court for the Northern District of California. In October 1999, TechSearch's expert witness claimed that TechSearch is entitled to damages ranging from $2 billion to $8 billion. The Company disputes TechSearch's claims and intends to defend the lawsuit vigorously.

Although litigation is subject to inherent uncertainties and the ultimate outcome of these proceedings cannot be determined at this time, management, including internal counsel, does not believe that the ultimate outcome will have a material adverse effect on Intel's financial position or overall trends in results of operations.
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