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Technology Stocks : Ericsson overlook?

ERIC 9.925

-0.8%

12:55 PM EST

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To: Jim Oravetz who wrote (5256)	11/22/2005 12:46:47 PM
From: Jim Oravetz	Read Replies (1) of 5390

Ericsson To Book Part Of Atmel Damages In 4Q DOW JONES NEWSWIRES November 22, 2005 12:26 p.m. STOCKHOLM -- Telefon AB LM Ericsson (ERICY) said Tuesday it has made some provisions in earlier quarters to cover a $43.1 million damage award against the company and will book the rest in the fourth quarter of 2005. Aase Lindskog, director of Ericsson's media relations wouldn't say how much of the sum will be booked in the fourth quarter and how much was booked earlier. Atmel said earlier Tuesday it was awarded approximately $43.1 million in damages after Ericsson was found liable for a number of breaches of contract and misappropriation of trade secrets in relation to Atmel's proprietary AVR microcontroller technology. Lindskog said Ericsson isn't using Atmel's technology anymore. Ericsson has 30 days from Nov. 21 to make the payment to Atmel

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