Taiwan District Court Dismisses MPS Fair Trade and Defamation Claims Against O2Micro.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. & GEORGE TOWN George Town, town (1989 pop. 12,921), capital of the Cayman Islands, in the West Indies. It is a major offshore banking and business center, and many companies have subsidiaries there because of the tax advantages. , Grand Cayman Grand Cayman See Cayman Islands. -- O2Micro(R) International Limited (Nasdaq:OIIM) announced that the Taipei, Taiwan District Court dismissed claims of Monolithic Power Systems, Inc. ("MPS") against O2Micro, alleging violations of Taiwan's Fair Trade Law and defamation. MPS sought a permanent injunction permanent injunction n. a final order of a court that a person or entity refrain from certain activities permanently or take certain actions (usually to correct a nuisance) until completed. against O2Micro from interfering with MPS' manufacturing, assembling, selling, importing, using or promoting its CCFL (Cold Cathode Fluorescent Lamp) Same as CCFT. (Cold Cathode A cathode in a gas-filled electron tube that is not heated by a filament in order to excite the electrons and cause current flow. The voltage potential within the tube is sufficient to ionize the gas in the tube and cause current flow. Fluorescent Lamp) Driver controllers, including MP1010, MP1012, MP1014, MP1016, MP1017, MP1018, MP1022, MP1023, MP1024, MP1025, MP1026, MP1028, MP1030, MP1031 and MP1038. In addition, MPS sought damages of at least NT$ 1,500,000 (approximately US$ 46,672). O2Micro's 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. actions against MPS in the Taipei, Taiwan District Court and the U.S. District Courts remain pending. About O2Micro Founded in April 1995, O2Micro develops and markets innovative power management, and security components and systems for the computer, consumer, industrial, and communications markets. Products include Intelligent Lighting, Battery Management, Power Management, SmartCardBus(R) and Security products, such as VPN/Firewall system solutions. O2Micro International maintains an extensive portfolio of intellectual property with 2,575 patent claims granted, and over 5,000 more pending. The company maintains offices worldwide. Additional company and product information can be found on the company website at www.o2micro.com. O2Micro, the O2Micro logo, SmartCardBus and combinations thereof are registered trademarks of O2Micro. Statements made in this release that are not historical, including statements regarding outcome of pending and future 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. or appeals in the U.S. or foreign countries, future litigation filings or direction, O2Micro's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning 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. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Factors that could cause actual results to differ materially include risks and uncertainties such as outcome of pending and future litigation or appeals or reduced demand for products of electronic equipment manufacturers which include O2Micro's products due to adverse economic conditions in general or specifically affecting O2Micro's markets, technical difficulties and delays in the development process, and errors in the products. You are also referred to the Form F-1 in connection with the company's initial public offering in August 2000, Form F-3 in connection with the company's public offering in November 2001, and the annual reports on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. |
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