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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Chavez who wrote (10512)	4/14/1998 6:55:00 AM
From: David K.	Respond to of 14577

This was posted on yahoo. Message Boards Help - Edit Public Profile - Personalize - SignÿOut Top:Business and Finance:Stocks:Technology:Electronic Instr and Controls:SIII (S3 Inc) <- Previous Next -> Message 1796 of 1801 Reply Apple sues Exponential. Stockenspiel Apr 13 1998 8:48PM EDT Hmmmmmm... what next? 04/13 18:35 Apple Computer sues defunct high-speed chip maker WILMINGTON, Del. (Reuters) - Apple Computer Inc. filed a lawsuit Monday against Exponential Technology Inc., a developer of speedy computer chips once viewed as central to Apple's development plans, according to court papers. The complaint, filed in Delaware Chancery Court, names Exponential and five individuals, and alleges a breach of fiduciary duty. The suit asks the court to halt the sale of certain patents and asks the court to appoint a custodian. The Apple suit asks for an expedited review by the Delaware court of its claims, according to the court papers. The lawsuit itself was not immediately available. Apple's suit seeks to stop the defendants ''from disposing of the proceeds of (the) sale of certain patents,'' the court documents stated. Exponential's patent portfolio consisted of roughly 45 claims, according to the papers. The five individuals named in the lawsuit are Gordon Campbell, Donald Schriner, George Taylor, Paul Dali and Eddie Kawamura. Exponential, based in San Jose, Calif., was developing a turbo-charged version of the PowerPC microprocessor, the chip that serves as the brain of Apple's Macintosh computers. In May 1997, Exponential closed its Silicon Valley operation and fired 40 employees, citing lack of money. At the time, the closely held company also dropped development of the X704 chip, the PowerPC alternative, and its chief product. Exponential ran into trouble because the X704 microprocessor was not much faster than versions of the PowerPC, a chip jointly designed by Apple, Motorola Inc. and International Business Machines Corp. Apple itself was Exponential's biggest investor. The struggling computer maker had hoped Exponential could develop a super-fast chip to gives Macs an advantage over PCs that use Pentium chips from Intel Corp. Shortly before the layoffs last May, Apple executives had said that they did not plan to use Exponential's chips in any upcoming products because prototypes were only slightly faster than PowerPC chips in the works. Exponential had raised $27 million from investors, including Apple and venture capitalists Nazem & Co., Woodside Fund and Venrock Associates. Exponential officials did not return calls to their San Jose office seeking comment. ÿ SIII:ÿ Quote ÿ\|ÿProfile ÿ\|ÿResearch This Is a Reply to: Msg 1 by YahooFinance View Replies to this Message <- Previous Next -> Message 1796 of 1801 Reply -------------------------------------------------------------------------------- Go to: Startÿ\|ÿMost Recentÿ\|ÿMessage List \| Message Number:ÿ ÿ ÿ All Boards ÿ Only in this Board ÿ All ÿÿ Boards & Topics ÿ Authors -------------------------------------------------------------------------------- Terms and Conditions Yahoo! is a trademark of Yahoo! Inc. Copyright c 1994-98 Yahoo! All Rights Reserved.