SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Network Associates (NET)
NET 196.05-0.5%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Narotham Reddy who wrote (1829)12/30/1997 9:16:00 PM
From: Narotham Reddy  Read Replies (1) of 6021
 
NETA drops lawsuit against Symantec

Tuesday December 30, 7:30 pm Eastern Time

Network Associates drops lawsuit
against Symantec

SANTA CLARA, Calif., Dec 30 (Reuters) - Network Associates
Inc., formerly McAfee Associates Inc., said Tuesday it dropped
its $1 billion defamation lawsuit against rival software company
Symantec Corp.

Separately, a federal court last week rejected Symantec's request
to stop shipments of McAfee PC Medic, a software product that
Symantec says is based on stolen Symantec programming code.

Network Associates and Symantec have been embroiled in
lawsuits for the past year. Symantec, a publisher of utility
software and network management programs, had accused
Network Associates of stealing its software code and basing
products on it. Symantec had asked the court to stop Network
Associates from shipping those products.

In return, Network Associates had countersued Symantec for
defamation, seeking $1 billion in damages.

On Dec. 19, the U.S. District Court in San Jose, Calif., rejected
a second Symantec request for an injunction, officials of both
companies said
. The ruling essentially ends all outstanding
Symantec requests for preliminary injunctions against Network
Associates products
, Network Associates said.

In light of the ''favorable ruling,'' Network Associates dropped
its defamation lawsuit, the company said.

Symantec said it will continue to pursue its infringement lawsuit.

''We're going to take this to trial,'' said Symantec Chief
Executive Gordan Eubanks. A trial is scheduled for September.

Eubanks also said Network Associates made the ''appropriate''
move by dropping its defamation action. ''They had no case,'' he
said.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext