Fairchild Semiconductor Reviewing Alternatives in Power Integrations Lawsuit
December 24 2007 - 1:30PM
Business Wire
Fairchild Semiconductor said it is evaluating its options following
the dismissal of its patent infringement lawsuit against Power
Integrations. The court overseeing the matter said the current case
could not continue because of legal standing issues relating to
license arrangements between Fairchild and Intersil Americas, which
owns the patent. Both Intersil and Fairchild are parties to the
lawsuit. The judge in the case explicitly left open the possibility
for the standing issues to be addressed and the suit reinstituted.
The underlying merits of Intersil and Fairchild's patent
infringement case against Power Integrations were not addressed in
the judge's ruling. This case is separate from Power Integrations�
lawsuit against Fairchild, which is continuing in the same court.
Special Note on Forward-Looking Statements Some of the paragraphs
above contain forward-looking statements that are based on
management's assumptions and expectations and that involve risk and
uncertainty. All statements in this release, other than statements
or characterizations of historical fact, are forward-looking
statements. Forward-looking statements usually, but do not always,
contain forward-looking terminology such as "we believe," "we
expect," or "we anticipate," or refer to management's expectations
about Fairchild's future performance. Many factors could cause
actual results to differ materially from those expressed in
forward-looking statements. Important factors that may cause such a
difference for Fairchild Semiconductor in connection with the
company's litigation with Power Integrations include, but are not
limited to, the company's ability and/or willingness to address
standing issues in the case, and to prevail in doing so, the
company's ability to prevail in the litigation in general, and the
risks associated with litigation in general, including the costs
and time that must be devoted to litigation, the potential
diversion of attention of management and key employees that may
result from being engaged in litigation, and the possibility of
adverse results. Risk factors affecting the company generally,
including those related to intellectual property and litigation,
are discussed in the company's quarterly and annual reports filed
with the Securities and Exchange Commission (SEC) and available at
the Investor Relations section of Fairchild Semiconductor's web
site at investor.fairchildsemi.com or the SEC's web site at
www.sec.gov. About Fairchild Semiconductor: Fairchild Semiconductor
(NYSE: FCS) is the leading global supplier of high-performance
power products critical to today�s leading electronic applications
in the computing, communications, consumer, industrial and
automotive segments. Fairchild, The Power Franchise�, offers the
industry�s broadest portfolio of power discrete and analog products
that optimize system power as well as leading signal path
components that complement them. In 2007, Fairchild celebrates its
�50/10� anniversary, commemorating 10 years as a new company and 50
years in the industry. Known as the �Father of Silicon Valley,�
Fairchild developed the planar transistor in 1958 � and with it a
new industry. Today, Fairchild is an application-driven,
solution-based product supplier providing online design tools and
design centers worldwide as part of its comprehensive Global Power
Resource�. Please contact us on the web at www.fairchildsemi.com.
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