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Technology Stocks : HWP -- Hewlett Packard

HPQ 19.44

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To: cirrus who wrote (2182)	5/14/1998 10:46:00 AM
From: santhosh mohan	Read Replies (1) of 4722

Yikes! More bad news???? Thursday May 14, 10:15 am Eastern Time Company Press Release Xerox Sues Hewlett-Packard Over Patent Infringement Suit Seeks Injunction, Claims HP Uses Xerox-Patented Technology in Printers STAMFORD, Conn.--(BUSINESS WIRE)--May 14, 1998-- Xerox Corporation today sued Hewlett-Packard Company [NYSE:HWP - news], seeking a permanent injunction prohibiting HP from manufacturing and selling certain thermal ink-jet printers and related supplies because they contain Xerox-patented technology. The suit, filed in U.S. District Court in Rochester, N.Y., focuses on technology developed by Xerox and deployed in the printhead cartridges of certain HP color ink-jet printers. ''Our intellectual property is among our most valuable assets,'' said Xerox President and Chief Operating Officer G. Richard Thoman. ''The Xerox group spent $1.7 billion in research and development in 1997 alone and was awarded almost 800 patents. When we find unauthorized use of our patented technology, we have to move accordingly to protect our shareholders' investment. We just will not let others misappropriate our intellectual property. ''This lawsuit represents an intensified effort to protect our intellectual capital,'' Thoman said. ''This isn't the first time we've sued to protect this investment and it certainly won't be the last.'' The Xerox suit seeks unspecified damages from HP.

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