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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (10043)	4/3/2000 11:54:00 AM
From: Rocky Reid	Read Replies (1) \| Respond to of 60323

SANDISK WINS LAWSUIT biz.yahoo.com U.S. Federal District Court Rules That Lexar Infringes on Key SanDisk Flash Memory Patent SUNNYVALE, Calif.--(BUSINESS WIRE)--April 2, 2000--SanDisk Corp. (Nasdaq:SNDK - news) announced today that the U.S. Federal District Court has ruled that Lexar Media, Inc., Fremont, Calif., has infringed a fundamental solid state flash memory card patent held by SanDisk. The ruling was announced today by U.S. Federal District Judge Charles R. Breyer of the Northern District of California in San Francisco. The patent, ``Flash EEPROM System' (U.S. patent no. 5,602,987), was issued Feb. 11, 1997. The judge also denied two motions by Lexar -- one claiming SanDisk's '987 patent is invalid and requesting a partial summary judgment of non-infringement. Eli Harari, SanDisk CEO and president, said, ``Judge Breyer's ruling vindicates our stand with regard to Lexar's infringement of SanDisk's '987 patent. We had on several occasions offered a patent cross-licensing agreement to Lexar under reasonable terms, but Lexar rejected our proposals. Our strategy has been, and remains, to license our patents to enable an open, competitive market for flash cards. We believe that this ruling strongly reaffirms SanDisk's pioneering innovations in flash memory storage and are optimistic that it will pave the way for other flash memory card suppliers that are not currently licensed by SanDisk to negotiate cross-licenses with SanDisk....' --------------- I wonder if Wall Street even cares on a day like today? This is huge. This means that other companies are going to have to pay Sandisk royalties- perhaps even Sony and Memory Stick?