logo
  Join        Login             Stock Quote

GSI Technology (GSIT): ITC To Review Judge Determination In Patent Case Between Co And Cypress (CY)

 December 24, 2012 09:07 AM
 


(By Balaseshan) GSI Technology Inc. (NASDAQ: GSIT) said the International Trade Commission (ITC) has determined to review the initial determination of Chief Administrative Law Judge Charles Bullock in the pending patent litigation between GSI and Cypress Semiconductor Corp. (NASDAQ: CY).

The ITC remanded the case to Judge Bullock to consider arguments by GSI and the other respondents in the case that the patents at issue are invalid and unenforceable and to rule on these arguments prior to the Commission's review.

[Related -Apple Inc. (AAPL) Is Back: That's Great News For These 2 Stocks]

The ITC investigation was instituted in July 2011 in response to a complaint filed by Cypress. Cypress' complaint alleged that GSI products, including its Sigma DDR and SigmaQuad families of SRAM products, infringe four Cypress patents and sought an order excluding the allegedly infringing SRAMs, and products containing them, from entry into the U.S. and permanent orders directing GSI and other respondents (a customer and a distributor) to cease and desist from selling these products in the U.S.

An evidentiary hearing before Judge Bullock took place in March 2012. In his initial determination, issued on October 25, Judge Bullock held that the importation of GSI's SRAM products, and products containing them, and the sale within the U.S. of such products, have not violated applicable federal law with respect to any of the four patents that Cypress had alleged were infringed.

[Related -Stocks End Lower On Weak Data; Theravance (THRX) Jumps]

As he found that the accused products do not infringe any of the asserted patent claims, Judge Bullock did not consider or rule on the additional arguments of GSI and the other respondents that the Cypress patents are invalid and unenforceable. Detailed findings in support of Judge Bullock's determination were subsequently released.

On November 7, Cypress filed a petition for review of the initial determination by the full Commission, and GSI and the other respondents filed a contingent petition for review seeking a ruling on the invalidity and unenforceability arguments as well as additional bases for finding non-infringement.

In a notice issued on December 21, the ITC said it had determined to review Judge Bullock's initial determination, but remanded the investigation to Judge Bullock to consider and rule on the invalidity and enforceability issues in advance of the ITC review.

GSIT closed Friday's regular session down 1.27% at $6.24. The stock has been trading between $4.04 and $6.41 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article image3 US Updates Show Ongoing Growth

Three economic updates today provide more evidence that moderate growth endures for the US. The numbers du read on...

article imageBuy These Solar Stocks Before They Snapback

Sometimes the market hands you a gift. And it would be foolish not to take it. Thanks to general market read on...

article imageInvestors Are Even More Euphoric And Confident.

As noted on the blog last Thursday, even though the market had been down for three straight weeks, last read on...

article imageThe Butterfly Machine

There’s a phenomenon called the Butterfly Effect. One common quotation is “It has been said that something read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.