Investors knocked more than 20 per cent off the shares of MOSAID Technologies during early trading Monday, after the company reported a setback in its patent infringement lawsuit against Infineon Technologies. In a summary decision, a court in New Jersey ruled that Infineon's accused products do not infringe on six MOSAID patents. The court did not issue a ruling on a seventh patent claim. The court also moved to limit MOSAID's potential for collecting damages, by ruling that the company can only seek damages for the period prior to filing the lawsuit for products that were specifically identified in the letters notifying Infineon of infringement. MOSAID executives admit they were taken by surprise by the ruling.

Posted by GEN-ERIC at 12:47:31 am into the following categories: In The News

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