AMD Wins Preliminary Injunction.SUNNYVALE, Calif.--(BUSINESS WIRE)--April 11, 1996--AMD announced today that on Friday, April 5, 1996, the Superior Court of Santa Clara County The Superior Court of Santa Clara County is the Superior Court located in Santa Clara County. Judges The current judges are:[1]
The injunction further enjoins five Hyundai employees who formerly worked for AMD from performing certain job functions for Hyundai's Flash Division. AMD asked the court for a preliminary injunction on March 8, 1996, after Hyundai hired more than a dozen AMD employees for Hyundai's newly established Flash Division. AMD is a world leader in flash memory technology and the pioneer of single-voltage flash memory devices. The court granted AMD's application for a preliminary injunction after three days of hearings and upon voluminous written submissions by the parties. "AMD welcomes lawful competition," said Rich Previte, AMD's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We understand employees are free to choose jobs that are most attractive to them, but we believe they must do so within the constraints of the law. AMD will not tolerate the misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets. We sought a preliminary injunction to protect the substantial investment of the company and its shareholders in AMD's flash memory intellectual property. We believed Hyundai had crossed the line of fair play, and we are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the court apparently agreed with our conclusion." AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. A FORTUNE 500 company, AMD produces processors, flash memories, programmable logic devices, and products for communications and networking applications. Founded in 1969, AMD is based in Sunnyvale, California, and has sales and manufacturing facilities worldwide. The company had revenues of $2.5 billion in 1995 (NYSE NYSE See: New York Stock Exchange : AMD). -0- Note to Editors: AMD, the AMD logo and combinations thereof are trademarks of Advanced Micro Devices, Inc. WORLD WIDE WEB: Press announcements and other information about AMD are available on the Internet via the World Wide Web. Type http://www.amd.com at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. prompt. CONTACT: Advanced Micro Devices, Inc. Tom Stites, 408/749-2918 Toni Beckham, 408/749-3127 (analysts) |
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