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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: Mike E. who wrote (28917)12/18/2000 3:14:55 PM
From: delmarbill  Read Replies (2) of 42804
 
Anybody know if this Nortel issue was discussed at the shareholders meeting?

Our OptiSwitch(TM) and other of our products may ultimately be determined
to infringe the Nortel patent, or those of other companies. Nortel or other
companies may pursue litigation with respect to their or other claims. The
results of any litigation are inherently uncertain. In the event of an adverse
result in any litigation with respect to intellectual property rights relevant
to our products that could arise in the future, we could be required to obtain
licenses to the infringement technology, to pay substantial damages under
applicable law, to cease the manufacture, use and sale of infringing products or
to expend significant resources to develop non-infringing technology. Licenses
may not be available from third parties, including Nortel, either on
commercially reasonable terms or at all. In addition, litigation frequently
involves substantial expenditures and can require significant management
attention, even if we ultimately prevail. Accordingly, any infringement claim or
litigation against us could significantly harm our business, operating results
and financial condition.
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