Acacia Research Names Andrew Duncan, Former Gemstar Executive, as Vice President, Business Development.Business/Technology Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--March 5, 2002 Acacia Research Corp. (Nasdaq:ACRI) today announced that Andrew Duncan has joined the company as vice president, business development. Duncan will focus on the commercialization of Acacia's video-on-demand and digital streaming patent portfolio. Duncan was formerly vice president, consumer electronics of Gemstar -- TV Guide International (Nasdaq:GMST GMST Greenwich Mean Sidereal Time GMST General Military Subjects Test GMST Genov Modified Stroop Test ), with direct reporting responsibility to the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Duncan was with Gemstar from 1994 to 2001, where he was responsible for licensing and marketing of the highly successful VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. Plus+ and Electronic Program Guide. At Gemstar he developed and controlled licensing and marketing policy with all major consumer electronic manufacturers worldwide, including Sony, Philips and RCA See RCA connector and video/TV history. . Prior to Gemstar, Duncan was european marketing and product manager for Thomson Multimedia (formerly RCA/GE in the United States) where he was responsible for the consumer electronics multi-brand business across Europe. Duncan was with Thomson Multimedia from 1987-1994. "Andrew Duncan's experience in marketing and licensing the VCR Plus+ and Electronic Program Guide will be a great asset for our company," commented Acacia Research chairman and CEO, Paul Ryan. "His expertise in licensing to the consumer electronics industry will be extremely important for our Media Technology Group." Duncan holds an honors degree from Nottingham University and a diploma in marketing from London University (Kings College). About Acacia Research Acacia Research develops, licenses and provides products for the life science and media technology sectors. Acacia licenses its V-chip technology to television manufacturers and owns pioneering technology for digital streaming and video-on-demand. Acacia's CombiMatrix subsidiary is developing a bio-chip technology for the life science market. Acacia Research's Web site is located at www.acaciaresearch.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the company's current expectations and speak only as of the date hereof. The company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, the company's ability to successfully develop products, rapid technological change in its markets, changes in demand for the company's future products, legislative, regulatory and competitive developments and general economic conditions. The company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , recent and forthcoming Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect its business, results of operations and financial condition. The company undertakes no obligation to revise or update publicly any forward-looking statements for any reason. |
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