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Biotech / Medical : Acacia (ACRI)--a stock for the future
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To: Paul Lee who wrote (1122)9/28/2002 1:14:32 AM
From: Paul Lee   of 1135
 
Acacia Research Comments On Ruling in V-Chip Patent Litigation

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sept. 27, 2002--In order to clarify the effect of the granting of a Motion for Summary Judgment in the Connecticut lawsuit, announced earlier today, Acacia Research Corporation (Nasdaq:ACRI) announced that the ruling has no effect on the revenues the company has received from current licensees of its patented V-Chip technology.

None of the revenues the company has received are contingent upon any court rulings or the future outcome of any litigation with unlicensed television manufacturers.

Soundview's V-chip technology uses a television's receiver circuitry to decode content rating information sent as part of the broadcast signal. Soundview's lawsuits allege that television manufacturers are utilizing Soundview's patented technology. The 1996 Telecommunications Act requires TV manufacturers to include technology that can screen programming based on content rating codes in new television sets with screens 13 inches or larger sold in the U.S. after July 1, 1999. Approximately 25 million new televisions are sold each year in the United States.

Soundview Technologies is a wholly-owned subsidiary of Acacia Research Corporation.
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