Lexar Trial Postponed:
FREMONT, Calif.--(BUSINESS WIRE)--Nov. 3, 2000--Lexar Media, Inc.
(Nasdaq:LEXR) today announced that the District Court for the Northern
District of California has rescheduled its patent trial with SanDisk
to late November. A firm trial date was not announced and will depend
on the trial judge's availability.
About Lexar Media
Lexar Media is a leading designer, developer and marketer of
high-performance digital film and connectivity products for the
digital photography market. Lexar Media offers digital film in the
four most popular industry formats: CompactFlash, Memory Stick,
SmartMedia and PC Cards. Its broad line of high-performance digital
film combines flash memory from leading suppliers with its patented
controller technology to address the needs of professional, commercial
and consumer photographers. Lexar Media's connectivity products make
it easy to transfer images from their digital film to a personal
computer. Lexar Media's online photofinishing site, Printroom.com,
provides consumers with high quality prints of digital images and
photo sharing services. Lexar Media recently launched SayCheese.com,
an online community and educational site for digital photographers of
all levels. Collectively, its products and services provide an
end-to-end solution for digital photographers. Lexar Media is
headquartered in Fremont, California and has offices in England and
Japan. Information on Lexar can be obtained through its toll-free
number 800/789-9418 or by accessing www.digitalfilm.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and is subject to the safe
harbor created by those sections. These forward-looking statements
include statements related to Lexar's present and future litigation
with SanDisk. These forward-looking statements involve a number of
risks and uncertainties that could cause the actual results of these
efforts to differ materially from those anticipated by these
forward-looking statements. These risks include that Lexar is
currently involved in litigation with SanDisk which could require
Lexar to pay significant damages and royalties and could enjoin the
Company's from making, selling or using products held to infringe
SanDisk's patent, and that additional litigation with SanDisk could
divert management's time and attention, could be time consuming and
expensive and could threaten the Company's viability if it were to
lose. Readers should also refer to the risk factors described in
Lexar's registration statement on Form S-1 declared effective by the
Securities and Exchange Commission on August 14, 2000. Lexar assumes
no obligation to update the forward-looking information contained in
this news release.
Note to Editors: Lexar Media, the Lexar logo and Printroom.com are
trademarks of Lexar Media, Inc. Lexar Media Inc. is an authorized
licensee of the CompactFlash trademark. All other brand or product
names are trademarks or registered trademarks of their respective
holders.
--30--kwp/sf*
CONTACT: Lexar Media, Inc.
Lisa Kovner, 510/580-3679
lkovner@lexarmedia.com
www.digitalfilm.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE
LEGAL/LAW
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Nov-03-2000 20:33 GMT
Symbols:
US;LEXR DE;LX4
Source BW Business Wire
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