Court Enters Judgment That Monolithic Power Systems Does Not Infringe O2 Micro Patent, Sets Aside $12 Million Jury Verdict, Awar
November 11 2005 - 7:45AM
PR Newswire (US)
LOS GATOS, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Monolithic
Power Systems, Inc. (MPS) (NASDAQ:MPWR), a leading fabless
manufacturer of high-performance analog and mixed-signal
semiconductors, today announced that judgment has been entered in
its case with O2 Micro International, Ltd. (NASDAQ:OIIM) in the
United States District Court for the Northern District of
California. The court entered judgment that MPS does not infringe
O2 Micro's '615 patent, confirming a prior summary judgment in
favor of MPS. In an opinion, the judge set aside the $12 million
jury verdict rendered July 18, 2005 on O2 Micro's trade secret
claims, and instead awarded O2 Micro $2.7 million, comprised of a
royalty of $900,000 plus exemplary damages of $1.8 million, plus
costs. The judge also denied O2 Micro's requests for an injunction
and attorneys' fees and ruled that MPS did not act improperly in
obtaining its patents. MPS is reviewing the judge's opinion and
considering its options, including post-trial motions and appeal.
About Monolithic Power Systems, Inc. Monolithic Power Systems, Inc.
(MPS) develops and markets proprietary, advanced analog and
mixed-signal semiconductors. The company's advanced process
technology and highly experienced analog designers provide
high-performance power management integrated circuits (ICs) for
automotive, industrial, consumer, computing, and communications
products. MPS partners with world-class foundries to deliver
high-quality, cost-effective solutions to meet the demanding
standards set by its customers. Founded in 1997 and headquartered
in Los Gatos, California, the company has expanded its global
presence with sales offices in Taiwan, China, Korea, and Japan,
which operate under MPS International, Ltd. NOTE: Monolithic Power
Systems, MPS and the MPS logo are among the trademarks of
Monolithic Power Systems, Inc. in the U.S. and certain other
countries. DATASOURCE: Monolithic Power Systems, Inc. CONTACT: Rick
Neely, Chief Financial Officer of Monolithic Power Systems, Inc.,
+1-408-357-6759
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