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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: The Gambler who wrote (5980)6/20/1998 5:24:00 PM
From: ted quinn  Read Replies (1) | Respond to of 8193
 
Whatever happened to this potential lawsuit:
(taken from NMGC 10-k)

In February 1997, Cirrus Logic sent the Company written notice asserting that the Company's MagicGraph128, MagicGraph128V and MagicGraph128ZV products infringe three United States patents held by Cirrus Logic. Since receiving the notice of alleged infringement, the Company has advised Cirrus Logic that the Company does not believe that any of its products infringe any claims of the patents. The Company also has undergone a confidential external infringement review and has conducted its own internal infringement review, and the Company continues to believe that the Cirrus Logic infringement allegations are unfounded. However, there can be no assurances that Cirrus Logic will not file a lawsuit against the Company or that the Company would prevail in any such litigation. Any protracted litigation by Cirrus Logic or the success of Cirrus Logic in any such litigation could have a material and adverse effect on the Company's financial position or results of operations.