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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (168001)	4/17/2003 7:34:14 PM
From: tejek	Respond to of 1584772

This is not a company I want to be long term bullish so what do they know they I don't know. In a word nothing. The article below came out after the close. On Monday, its likely BRCM will go down as fast as it went up today. BRCM gave good forward guidance last nite.......it caught everyone by surprise. Most people were expecting the worse given its competition with INTC and MRVL and the guy leaving Serverworks so they were shorting the hell out of the stock. The big spike today was the shorts covering very quickly after last nite's guidance. However, the article below may change things on Monday. __________________________________________________________ Microtune Says Court Halts Broadcom Sale of Chip SAN FRANCISCO (Reuters) - Microtune Inc. (TUNE.O) on Thursday said a U.S. court had issued a preliminary injunction barring Broadcom Corp. (BRCM.O) from selling a semiconductor that is at the heart of a patent infringement lawsuit. The District Court for the Eastern District of Texas ruled that Broadcom officers, employees and agents are barred from selling, offering to sell or importing into the United States Broadcom's silicon tuner and certain reference design boards containing the technology. The injunction comes after a jury last month found that Broadcom infringed on a Microtune patent related to a single-chip tuner used in TVs, set-top boxes, cable modems and digital TVs, Microtune said. Shares of Broadcom were trading at $16.70 after their close at $16.60 on the Nasdaq stock exchange. They rose more than 18 percent, or $2.55, on the day after the company posted on Wednesday a narrower fiscal first-quarter loss as revenue rose 37 percent. Microtune shares were trading at $2.37 on Instinet after their close at $2.30 on the Nasdaq. "This preliminary injunction and the court's affirmation of our patent rights demonstrate that our U.S. patent system works," Douglas Bartek, Microtune chief executive, said in a statement. Broadcom said the injunction applies only to its tuner activity in the United States, where it does little business, and that silicon tuners are only a small part of its overall business. All of its manufacturing and sales of the disputed chip occur outside the United States, Broadcom said in a statement. Broadcom said it plans to appeal the ruling and that the ruling will not have a significant impact on customers. The two companies are embroiled in a number of lawsuits. In February, Microtune, based in Plano, Texas, filed a separate lawsuit alleging Broadcom violated the state's Anti-Trust Act in bundling products together for cable modem devices. Irvine, California-based Broadcom has two lawsuits pending against Microtune alleging patent infringement, and has filed a complaint with the U.S. International Trade Commission (ITC). On April 2, Broadcom said the ITC voted to begin an investigation based on allegations that Microtune engaged in unfair trade practices by importing tuners, power amplifiers and other products that infringe two Broadcom patents.