Data Race Sues [LU]; Seeks To Prevent Lucent From Marketing Integrated Voice/Data Products
PR Newswire - August 20, 1998 05:14
SAN ANTONIO, Aug. 20 /PRNewswire/ -- DATA RACE (Nasdaq:
RACE) announced today that it has filed a lawsuit in Federal District
Court in San Antonio, Texas, against Lucent Technologies (NYSE: LU),
citing patent infringement and other related issues. The Company seeks
unspecified damages and a permanent injunction prohibiting Lucent
Technologies from violating the Company's intellectual property rights.
The Company is also asking the Court to issue a preliminary injunction
prohibiting Lucent from marketing and selling the Virtual Telephone
system.
DATA RACE believes that Lucent, with its Virtual Telephone system
and Internet Telephony Server products, is infringing upon patent
number 5,764,639 issued by the U.S. Patent and Trademark Office in
June, 1998, and assigned to DATA RACE. The patent is entitled
"System and Method for Providing a Remote User with a Virtual
Presence to an Office." The Company places a high value on its
intellectual property and intends to aggressively protect its patent and
other property rights.
Risks Regarding Forward-Looking Statements
This press release contains various "forward-looking statements" which
represent the Company's expectations or beliefs concerning future
events, including the value of its intellectual property and the validity of
the lawsuit. The Company cautions that these forward-looking
statements involve a number of risks and uncertainties and are qualified
by important factors that could cause actual results to differ materially
from those in the forward-looking statements. Such factors include the
inability of the Company to fully pursue such suit due to limited
resources, uncertainty as to the source of funding to pay the total amount
of legal expenses, the court's interpretations and decisions regarding the
Company's allegation in the lawsuit (including their effect on the validity
or enforceability of the Company's patents), and the risk of costly
counter suits. While the Company believes that it will prevail, litigation by
its very nature is unpredictable. Should the Company fail to prevail in a
significant manner, such failure may have a material adverse effect on the
Company's financial condition and operations.
About DATA RACE, Inc.
DATA RACE, Inc. (http://www.datarace.com) designs, manufactures,
and markets a line of communications products for remote access to the
corporate environment. Its unique client/server product, the Be
There!(TM) Remote Access System, gives teleworkers access to all
elements of corporate communications networks, including the PBX,
Intranet, and Internet. Through Be There!, remote workers send and
receive e-mail, faxes and phone calls simultaneously over a single phone
line. DATA RACE also designs and manufactures advanced network
multiplexers that carry data, network, voice and fax traffic among a
company's multiple offices. DATA RACE products are resold nationally
through Inacom Communications and Data General Corp., and through
many regional resellers. SOURCE DATA RACE
/CONTACT: John Liviakis or Bob Prag, both of Liviakis Financial
Communications, 916-448-6084, for DATA RACE; or Katie Trout,
Investor
Relations of DATA RACE, 210-263-2066/
/Web site: datarace.com
(RACE LU)
Headlines Previous Story Next Story
RACE LU %TLS %LAW V%PRN P%PRN
|
