Nassda Comments on Litigation Developments
04 November 2004 - 12:00AM
PR Newswire (US)
Nassda Comments on Litigation Developments SANTA CLARA, Calif.,
Nov. 3 /PRNewswire-FirstCall/ -- Nassda Corp. (NASDAQ:NSDA) today
commented on the rulings and orders recently issued in California
state court and by the United States Patent and Trademark Office
with respect to its litigation with Synopsys, Inc. As Nassda
reported on June 11, 2004, the discovery referee issued sanction
orders against Nassda and the individual defendants on a number of
different matters in a manner that was favorable to Synopsys. The
orders are available on the investor relations portion of Nassda's
web site at http://www.nassda.com/. In early August 2004, Nassda
filed a writ petition in the California Court of Appeal, Sixth
Appellate District in San Jose, seeking to overturn these orders.
In mid-October, the Court of Appeal requested Synopsys to file
opposition to the petition and provided Nassda with the opportunity
to file a reply to Synopsys' opposition. This request by the Court
of Appeal does not provide any assurance that the Court of Appeal
will grant the petition or hear the case on its merits and reverse
the discovery referee's orders. The briefing the Court of Appeal
requested is expected to be filed by mid-December. The Court of
Appeal is expected to decide sometime after that whether to conduct
further proceedings on the petition. In light of the proceedings
before the Court of Appeal, on October 28, 2004, the Superior Court
of the State of California, County of Santa Clara, issued an order
which vacated the January 2005 trial date and stayed all trial
proceedings pending final determination of the writ proceedings. A
new trial date is not likely to be set until all appellate
proceedings related to the writ have been completed. In addition,
in August 2004, the United States Patent and Trademark Office
issued a final rejection of all the claims in the re-examination
proceedings relating to Synopsys' U.S. Patent No. 5,878,053
entitled "Hierarchical Power Network Simulation and Analysis Tool
For Reliability Testing of Deep Submicron IC Designs" (the "'053
patent"). Synopsys has appealed the final rejection to the U.S.
Patent and Trademark Office Board of Patent Appeals and
Interferences. Synopsys had alleged that Nassda's products
infringed the '053 patent. As previously reported, the patent
infringement litigation filed by Synopsys against Nassda with the
United States District Court of the Northern District of California
has been stayed pending the final outcome of the re-examination of
the '053 patent. With respect to the litigation against Nassda
filed by Synopsys relating to Synopsys U.S. Patent No. 6,249,898
entitled "Methods and Systems for Reliability Analysis of CMOS VLSI
Circuits Based on Stage Partitioning and Node Activities" (the "898
Patent") in the United States District Court for the Northern
District of California, there has been no material developments and
trial is still set for April 2005. "There have been many
preliminary rulings in this case and we expect many more to come,"
said Dr. Sang Wang, CEO of Nassda. "Some of the rulings are
favorable to us and others are not. We are pleased that the Court
of Appeal has requested briefing on our writ but we cannot assure
our investors that the Court of Appeal's review of our writ will
have a favorable outcome for us. We are also extremely pleased that
the United States Patent and Trademark Office has disallowed the
'053 patent, and, unless Synopsys prevails on its appeal, we
anticipate that the case will be dismissed. We intend to continue
to defend ourselves vigorously in all of these cases." About Nassda
Nassda Corporation is a leading provider of full-chip circuit
verification software for complex nanometer semiconductors.
Headquartered in Santa Clara, California, the company develops and
markets simulation and analysis solutions for advanced ICs,
especially for analog, mixed signal, memory, system-on-chip and
high performance digital designs. Nassda's products enable first
silicon success, and improve product quality and production yield
for its consumer, communication, computer, and memory customers.
The company has sales and distribution offices throughout the
world. For more information about Nassda, please visit the
company's website at http://www.nassda.com/. Forward Looking
Statements This press release contains forward-looking statements
regarding the outcome of the litigation between Nassda and Synopsys
that are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally preceded by words that imply a future
state, such as "expects" or "anticipates," or that imply that a
particular future event or events will occur, such as "will,"
"remain," "may," or the negative of these terms. Investors are
cautioned that all forward-looking statements in this release
involve risks and uncertainty, including without limitation, the
outcome of pending and future motions and other court proceedings,
as well as the results of any trial or appeal. These risks,
uncertainties and other factors may cause the outcome of any
motion, proceeding or case to differ materially from those
expressed or implied by the forward-looking statements.
Forward-looking statements are only predictions and the actual
events or results may differ materially. Nassda cannot provide any
assurance that its future results will meet expectations. In
addition, historical information should not be considered a
predictor of future performance. Neither Nassda nor any other
person assumes responsibility for the accuracy and completeness of
these forward-looking statements. Nassda disclaims any obligation
to update information contained in any forward-looking statement.
For additional information and considerations regarding the risks
faced by Nassda, see its Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q, as filed with the Securities and Exchange
Commission. NOTE: Nassda is a registered trademark of Nassda
Corporation. DATASOURCE: Nassda Corporation CONTACT: Tammy Shu Hua
Liu of Nassda Corporation, +1-408-988-9988, or Web site:
http://www.nassda.com/
Copyright
Nassda (NASDAQ:NSDA)
Historical Stock Chart
From May 2024 to Jun 2024
Nassda (NASDAQ:NSDA)
Historical Stock Chart
From Jun 2023 to Jun 2024