Altera Announces Partial Jury Verdict in AMD Litigation.SAN JOSE, Calif.--(BUSINESS WIRE)--June 21, 1996--Altera Corporation (Nasdaq: ALTR) announced today that in its patent litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , the jury has reached a verdict on the separate issue of the meaning of a patent cross-license agreement between the parties. The jury found in favor of Altera's position that Altera and AMD have a cross-license agreement which gives each company rights under certain of the other company's patents, including most of the patents which are the subject of the litigation. The exact scope of the license agreement is still disputed. According to C. Wendell Bergere A Bergere is a type of upholstered chair, commonly found in the Regence/Rococo period in France in the 17th century. It includes a loose, but tailored, cushion, upholstered back, upholstered seat, exposed wooden frame; arms may be exposed, manchette style or upholstered. , Altera's General Counsel, "The jury clearly reached a correct verdict. We are optimistic that the remaining license agreement issues will be resolved soon, and that we will be in a position to vigorously pursue all of our claims of patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. against AMD." Forward-looking statements in this release are made pursuant to the safe harbor provisions of 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. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation risks of intellectual property rights and litigation. Please refer to the Company's Securities and Exchange Commission filings, copies of which are available from the Company without charge, for further information. Fax on Demand: Copies of Altera's announcement are available from its fax-on-demand service. In the U.S. and Canada to request a copy call 1-800-789-ALTR. International users can dial their local International Access Code followed by 1-408-894-0466. Altera Corporation, founded in 1983, is a world-wide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed with tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to-market. The Company offers the broadest line of CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. programmable logic devices that address high-speed, high-density, and lower power applications. Altera products serve a broad range of market areas, including telecommunications, data communications, computers, and industrial applications. Altera common stock is traded on The Nasdaq National Market using the symbol ALTR. CONTACT: Altera Corporation C. Wendell Bergere, 408/894-7000 |
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