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 : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Marshall who wrote (32829)11/4/1999 11:15:00 AM
From: Judgement Proof.com  Read Replies (1) | Respond to of 33268
 
COURT RULES LUCENT DOES NOT INFRINGE DATA RACE PATENT

biz.yahoo.com

On October 29, 1999, the United States Magistrate Court issued its opinion in the Company's patent infringment lawsuit against Lucent Technologies. The Court found that Lucent had failed in its challenge to the patent's validity and enforceability. The Court also found that the Lucent Virtual Telephone product does not infringe on the Company's patent claims. The Company is currently examining its options to pursue its rights under this patent against Lucent or other competitors.

So, Data Race has a "valid patent" on a product no one wants. Meanwhile Lucent is free to market it's own product. Ouch!




To: Marshall who wrote (32829)11/4/1999 11:26:00 AM
From: Judgement Proof.com  Read Replies (1) | Respond to of 33268
 
This doesn't look good. It seems that Data Race's largest source of revenue for the quarter is from a company, Sabratek (SBTKE), which has been delisted due to accounting irregularities. Ironic isn't it, that the only company to purchase "Be There?" in any volume may not be able to pay for it.

biz.yahoo.com

DATA RACE (Nasdaq: RACE - news) reported a loss of approximately $2,379,000 for the first quarter ended September 30, 1999 on approximately $536,000 in revenue. Revenue increased 17% from the quarter ended June 30, 1999, primarily due to shipments to Sabratek Corp. The loss increased 15% from the quarter ended June 30, 1999, primarily due to increased non-cash litigation expense associated with the Company's patent infrigment lawsuit and additional accounts receivable reserve provisions associated with Sabratek Corp.