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

To: Calvin Scott who wrote (10970)	5/14/1998 7:55:00 PM
From: R Stevens	Read Replies (1) \| Respond to of 14577

StockTalk, Found this in the last NeoMagic 10-K. Form 10-K April 22 In February 1997, the Company received a written notice from Cirrus Logic asserting that the Company's MagicGraph128, MagicGraph128V and MagicGraph128ZV products infringe three United States patents held by Cirrus Logic. The Company believes that the Company's MagicGraph128, MagicGraph128V and MagicGraph 128ZV products do not infringe any of the claims of these patents. The Company's belief is based upon a legal opinion from its patent counsel, Townsend and Townsend and Crew LLP ("Townsend"). However, there can be no assurance that Cirrus Logic will not file a lawsuit against the Company or that the Company would prevail in any such litigation. Further, the Company was notified by certain of its customers that a law suit had been filed and served by a holder of a United States patent asserting that the video/graphics subsystem in such customers' notebook PCs, which use the Company's MagicGraph128 and MagicGraph128V products, infringe certain claims of the patent. The Company may have certain indemnification obligations to customers with respect to the infringement of third-party intellectual property rights by its products. There can be no assurance that the Company's potential obligations to indemnify such customers will not have a material adverse effect on the Company's business, financial condition and results of operations. The Company believes that the Company's MagicGraph128 and MagicGraph128V products do not infringe any of the claims of such patent.