AnalogicTech Comments on Recent Developments in Patent Litigation
October 02 2009 - 9:00AM
PR Newswire (US)
SANTA CLARA, Calif., Oct. 2 /PRNewswire-FirstCall/ -- Advanced
Analogic Technologies, Inc. (AnalogicTech(TM)) (NASDAQ:AATI), a
developer of power management integrated circuits, today announced
that the ITC ruled in favor of a motion proposed jointly by
AnalogicTech and Linear Technology Corporation (Linear) to
terminate a portion of the ongoing patent proceedings between the
two companies. As part of this ruling, Linear agreed to remove
certain of AnalogicTech's products from consideration by the ITC.
In turn, AnalogicTech agreed that it will not seek to import these
products in the future. The parties hope that the removal of these
products (which are based on an older architecture and represent a
non-material portion of AnalogicTech's revenue) will streamline the
remaining issues between the two companies. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO) Today's
announcement of the consent decree maintains the same scope of the
dispute between the two parties. No new actions have been filed by
either party. "We are pleased to take another step forward in
putting this litigation behind us," stated Richard K. Williams,
President, CTO and CEO of AnalogicTech. "While reflecting the
complexity of issues involved in cases of this nature, the multiple
steps, filings and rulings are normal course of procedure. The
effect to our business remains consistent - an insignificant and
declining portion of the Company's total revenue are affected by
the latest ruling and AnalogicTech's newer generations of switching
regulators remain unaffected by this decision. We look forward to
continuing to focus our efforts on these newer designs and bringing
the remaining claims to a conclusion." About AnalogicTech Advanced
Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total
Power Management(TM) semiconductor solutions for a variety of
consumer, communications, and computing systems. The company
focuses its design and marketing efforts on the
application-specific power management needs of such devices as
mobile handsets, smartphones, digital cameras, netbooks /
notebooks, personal navigation systems, and wireless LANs.
AnalogicTech also develops and licenses device, process, package,
and application-related technologies. AnalogicTech is headquartered
in Santa Clara, CA and Macau, S.A.R., with offices in China, Hong
Kong, Taiwan, Japan, Korea, and the U.K., as well as a worldwide
network of sales reps and distributors. The company is listed on
NASDAQ under the symbol AATI. For more information, please visit
http://www.analogictech.com/. (AnalogicTech - F) "Safe Harbor"
Statement Under the Private Securities Litigation Reform Act of
1995 Statements contained in this release that are not historical
facts are forward-looking statements, as that term is defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, including financial projections and
forecasts, involve risks and uncertainties that could cause
AnalogicTech's actual results to differ materially from our current
expectations. Factors that could cause AnalogicTech's results to
differ materially from those set forth in these forward-looking
statements include customers' cancellation or modification of their
orders; our failure to accurately forecast demand for our products;
the loss of, or a significant reduction in orders from, any of our
significant customers; consumer demand for cellular phones and
other mobile consumer electronic devices; worldwide economic and
political conditions, particularly in Asia; our ability to manage
inventory levels, fluctuations in our operating results; our
inability to develop and sell new products; defects in or failures
of our products; the expense and uncertainty involved in our
customer design-win efforts; the financial viability of the
distributors of our products; fluctuations in our costs to
manufacture our products; our reliance on third parties to
manufacture, test, assemble and ship our products; our ability to
retain and attract key personnel; our ability to compete with our
competitors; and our ability to protect our intellectual property
rights and not infringe the intellectual property rights of others.
Other factors that may cause our actual results to differ from
those set forth in the forward-looking statements contained in this
press release and that may affect our prospects in general are
described in our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2008. AnalogicTech undertakes no obligation to
update or revise forward-looking statements to reflect subsequent
events or changed assumptions or circumstances. AnalogicTech and
the AnalogicTech logo are trademarks of Advanced Analogic
Technologies, Inc. All other brand and product names appearing in
this document are registered trademarks or trademarks of their
respective holders.
http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Analogic
Technologies, Inc. CONTACT: Investors, Brian McDonald, Chief
Financial Officer of AnalogicTech, +1-408-737-4788; or Lisa
Laukkanen of The Blueshirt Group, +1-415-217-4967, for AnalogicTech
Web Site: http://www.analogictech.com/
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