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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: jmac who wrote (92021)11/9/1999 11:11:00 PM
From: Windsock  Read Replies (1) of 186894
 
Re: The explanation of the TechSearch patent suit against Intel

The explanation of the what happened in this law suit is totally FUBAR.

The only things that are correct are that some attorneys bought the patents cheap and now want billions from Intel. And the bankruptcy judge did whack Intel for making an end run on the attorney buyers and trying to disqualify the purchase in bankruptcy court so Intel could buy the patents. That would neuter the law suit.

Hint: when you buy something for $50 K at the flea market, it ain't worth billions of dollars. And if it is, you stole it.

"that the plaintiff (this group of attorneys) called an expert witness to testify"

Nope. The 10Q reports that the Plaintiff's whore, excuse me, the Plaintiff's damages expert "claimed" damages in the range of 2 to 8 billion $$. This is not a witness testifying. No trial is happening or on the horizon. Probably the claim was on a piece of paper in the patent law suit.

Conveniently, the "claim" was made in Oct of 99 just in time for Intel to report the "claim" in its 10Q. This timing was almost surely intended to pressure Intel into throwing a few million dollars at the attorney owners to get rid of this claim and avoid the 10Q reporting.

When it comes to off-the-wall patent claims, Intel can be like the Israeli government: "We don't negotiate with terrorists." See the Intergraph law suit for another example.
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