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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 405.84-0.2%Nov 6 3:59 PM EST

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To: Marshall who wrote (32086)4/12/1999 1:24:00 PM
From: Peter V  Read Replies (3) of 33268
 
Your patent lawsuit link does not work. Although RACE filed the lawsuit, it may not be able to carry it to a conclusion, and even if it does, there are no guarantees it will win. If it loses, there goes the patent protection.

We are Currently Involved in A Patent Infringement Lawsuit

On August 19, 1998, we sued Lucent Technologies, Inc. in United States
District Court in San Antonio, Texas. Our failure to prevail in a significant
manner in this lawsuit may materially adversely affect our financial condition
and operations. However, litigation by its very nature is unpredictable and we
may not prevail. Our suit alleges that Lucent is infringing on our patent
entitled "System and Method for Providing a Remote User with a Virtual Presence
to an Office." Although we believe our claims against Lucent are valid and we
intend to vigorously pursue such claims, we may not be able to fully pursue the
lawsuit or defend against possible counterclaims because of limited resources,
including our ability to pay legal expenses. In addition, the lawsuit could
adversely affect the validity or enforceability of our patents.
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