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(BSNS WIRE) Cirrus Logic and ATI Technologies Enter Into a Cross-License Agre
ment and Settle Litigation
Cirrus Logic and ATI Technologies Enter Into a Cross-License Agreement and Settl
Litigation
High-Tech Writers / Business Editors
AUSTIN, Texas--(BUSINESS WIRE)--CRUS--
Cirrus Logic Inc. (Nasdaq:CRUS) and ATI Technologies
Inc. (Nasdaq:ATYT) (TSX:ATY) today announced they have entered into a
cross-license agreement and have settled all outstanding litigation
between the companies.
In May 2003, Cirrus Logic brought suit against ATI in the United
States District Court for the Western District of Texas, Austin
Division, for infringement of a Cirrus Logic patent relating to
graphics processor technology. In addition, a separate patent
infringement suit relating to a different Cirrus Logic patent has been
pending in the United States District Court for the Northern District
of California, San Francisco Division, since July 1998.
Under the settlement agreement, all outstanding claims and
counterclaims in both lawsuits between Cirrus Logic and ATI were
dismissed. In connection with the settlement, Cirrus Logic will
transfer to ATI a portion of its patent portfolio relating to the
former graphics products group of its PC products division, a business
that Cirrus Logic exited several years ago, and ATI will pay Cirrus $9
million in October 2003.
About Cirrus Logic
Cirrus Logic is a premier supplier of high-performance analog,
mixed-signal and digital processing solutions for consumer
entertainment electronics, automotive entertainment and industrial
product applications. Building on its global market leadership in
audio ICs and its rich mixed-signal patent portfolio, Cirrus Logic
targets audio, video and precision mixed-signal applications in these
growing markets. The company operates from headquarters in Austin,
Texas, with offices in California, Colorado, Europe, Japan and Asia.
More information about Cirrus Logic is available at www.cirrus.com.
About ATI Technologies
ATI Technologies Inc. is a world leader in the design and
manufacture of innovative 3D graphics and digital media silicon
solutions. An industry pioneer since 1985, ATI is the world's foremost
visual processor unit (VPU) provider and is dedicated to deliver
leading-edge performance solutions for the full range of PC and Mac
desktop and notebook platforms, workstation, set-top and digital
television, game console and handheld markets. With 2002 revenues in
excess of US $1 billion, ATI has more than 2,200 employees in the
Americas, Europe and Asia. ATI common shares trade on NASDAQ (ATYT)
and the Toronto Stock Exchange (ATY).
Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.
KEYWORD: INTERNATIONAL ASIA PACIFIC INTERNATIONAL EUROPE TEXAS COLORADO CALIFORN
A
INDUSTRY KEYWORD: LEGAL/LAW MANUFACTURING HARDWARE COMPUTERS/ELECTRONICS ELECTRO
IC GAMES/MULTIMEDIA MARKETING AGREEMENTS CLASS ACTION LAWSUITS
SOURCE: Cirrus Logic Inc.
CONTACT INFORMATION:
Cirrus Logic Inc., Austin
David H. Allen, 512-851-4122
david.allen@cirrus.com
or
ATI Technologies Inc.
Public Relations:
Chris Evenden, 905-882-2600, ext. 8107
cevenden@ati.com
or
Investor Relations:
Janet Craig, 905-882-2600, ext. 2631
janet@ati.com
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