[CNXT] Look like CNXT forgot that TXN bough AMTX with all its ADSL Patents. It's down another 9% Pre Mkt.
biz.yahoo.com
Conexant Announces Unfavorable Outcome in First Phase of GlobespanVirata-Derived Litigation with Texas Instruments
Monday February 6, 10:00 pm ET
Federal Jury Affirms Patent Infringement Counterclaims
Second Phase of Case to Follow
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Feb. 6, 2006--Conexant Systems, Inc. (NASDAQ:CNXT - News) today announced that a jury in the U.S. District Court for the District of New Jersey reached a verdict on patent infringement counterclaims filed by Texas Instruments, Inc., Stanford University and its Board of Trustees, and Stanford University OTL, LLC (Texas Instruments) and found that GlobespanVirata, now a subsidiary of Conexant, willfully infringed three patents related to asymmetric digital subscriber line (ADSL) technology.
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U.S. jury rules Conexant unit infringed TI patents
Mon Feb 6, 2006 10:25 PM ET
NEW YORK, Feb 6 (Reuters) - Conexant Systems Inc. (CNXT.O: Quote, Profile, Research) on Monday said a federal court jury ruled a Conexant unit wilfully infringed three patents held by Texas Instruments Inc. (TXN.N: Quote, Profile, Research), and awarded TI damages of $112 million. |
