SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?


To: Box-By-The-Riviera™ who wrote (2689)9/22/1998 3:51:00 PM
From: Beltropolis Boy  Read Replies (1) | Respond to of 3029
 
Hutchinson Technology and Applied Kinetics Reach Preliminary Settlement Over Noncompete Agreements
September 22, 1998 01:41 PM

HUTCHINSON, Minn., Sept. 22 /PRNewswire/ -- Hutchinson Technology Incorporated (HTCH) today announced that it has reached an agreement in principle with Applied Kinetics, Inc. to resolve their dispute over alleged violations of noncompete agreements which the employees of Applied Kinetics had previously entered into with Hutchinson Technology. Innovex, Inc. (INVX) has joined in the agreement to resolve the dispute. Upon completion of a final settlement agreement, Hutchinson Technology intends to dismiss all pending litigation against Applied Kinetics with respect to their dispute. Terms of the settlement will not be made public.

investor.msn.com