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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (1335)	6/17/1999 12:53:00 PM
From: sergio	Read Replies (1) \| Respond to of 2313

As copied from CMP semibiznews.com What will be the impact of this? Jenoptik's motion in Asyst lawsuit is upheld in California court A service of Semiconductor Business News, CMP Media Inc. Story posted 7:30 p.m. EST/4:30 p.m., PST, 6/16/99 JENA, Germany -- Jenoptik Infab today said U.S. District Judge Jeremy Fogel in the Northern District of California granted the company's motion that its IridNet Tracking System does not infringe on two patents held by rival Asyst Technologies Inc. "We are pleased with the judge's decision because it is likely to bring an end to this expensive litigation and reasserts Jenoptik Infab's leading role in the development of technology for factory automation and integration," said Wolfgang Mayr, president of Jenoptik Infab. "We have always been confident that the courts would rule in our favor but we regret the competitive tactics that Asyst chose to employ." All but one claim had been decided in Infab's favor last December (see Dec. 9, 1998, story). The current decision reconfirmed the December decision of non-infringement and ruled that a remaining claim was also not infringed, Jenoptik said. Asyst did not dispute the ruling in the case of the first two patents. "That is factually true in the terms of the judge's decision," said Doug McCutcheon, chief financial officer of Asyst, in Fremont, Calif. "On the other hand, we believe the judge has used some very faulty logic in arriving at that decision." He said Asyst would appeal and "we believe we will prevail on appeal." That could take time at the appellate level, he said. "In the meantime, we're no worse off than we were yesterday. We're still the market leader," McCutcheon said.