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Technology Stocks : Intel Corporation (INTC)
INTC 43.48+8.6%Dec 2 3:59 PM EST

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To: Raymond Thomas who started this subject9/26/2000 4:20:53 PM
From: AK2004  Read Replies (1) of 186894
 
<font color=red>Broadcom Asks to Bar Intel Sales of Networking Chips (Update2)
9/26/0 16:12 (New York)

Broadcom Asks to Bar Intel Sales of Networking Chips (Update2)

(Updates with closing share prices.)

San Jose, California, Sept. 26 (Bloomberg) -- Broadcom Corp.
asked a judge to stop Intel Corp., the world's largest computer-
chipmaker, from selling chips and products that allegedly use
trade secrets stolen from Broadcom.
The chips serve as interfaces between a computer and a
network and are used in cards that plug into personal computers.
Broadcom, the top maker of some networking chips as well as
semiconductors for cable modems, said in the filing it has
evidence in testimony and e-mail, all under seal, of Intel's
alleged wrongdoing.
It's the latest salvo in a suit Intel filed in March to stop
three defectors from passing on trade secrets. In a May ruling, a
judge ruled Intel can't prevent Broadcom from using the workers to
develop certain products, in a decision both sides claimed as a
victory. Broadcom filed a counter suit in June and is now asking
for a preliminary injunction.
Intel spokesman Chuck Mulloy declined to comment specifically
on the latest motion. ``We believe that our evidence will be both
credible and convince the court that our behavior was both lawful
and within the bounds of normal business behavior,'' he said.
The motion was filed late yesterday in California Superior
Court in San Jose, California, Broadcom said.
``Broadcom is seeking an order that prevents Intel from being
able to market or ship certain recently released products which
Broadcom maintains are the fruit of their having misappropriated
our trade-secret information,'' said Rico Rosales, Broadcom's
outside counsel.
A hearing is scheduled Nov. 7 before Judge Gregory H. Ward,
the filing said.
The case is separate from a lawsuit filed by Santa Clara,
California-based Intel last month in Delaware. In that suit, Intel
accuses Irvine, California-based Broadcom of infringing patents on
cable and networking chips. Broadcom denied those allegations and
said the suit doesn't identify any Broadcom product that allegedly
infringes the patents.
Broadcom shares rose 4.75 to 257 and have climbed 89 percent
this year. Intel fell 1.89 to 43.48. The shares plunged a record
22 percent Friday after Intel warned third-quarter sales will lag
forecasts.
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