ADVFN - Advanced Financial Network.
HOME» NASDAQ » G » GSIT Stock Price » GSIT Stock News

Gsi Technology Share News

 Gsi Technology (mm) Stock Price
GSIT Stock Price
 Gsi Technology (mm) Stock Chart
GSIT Stock Chart
 Gsi Technology (mm) Stock News
GSIT Stock News
 Gsi Technology (mm) Company Information
GSIT Company Information
 Gsi Technology (mm) Stock Trades
GSIT Stock Trades

Cypress Agrees To Drop Ericsson From Patent Suit Against GSI

DOW JONES NEWSWIRES Cypress Semiconductor Corp. (CY) said Monday it has filed a motion to release telecommunications equipment maker Ericsson (ERIC) from its patent-infringement complaint against GSI Technology Inc. (GSIT). Cypress, a chip maker, in June filed a complaint with the U.S. International Trade Commission, alleging infringement of four static random-access memory, or SRAM, patents by GSI, a maker of memory for networking and telecommunications equipment. Cypress's complaint has sought to stop other electronics makers from importing the allegedly infringing GSI memory chips. Cypress said it reached an agreement with Ericsson, making it the fifth customer Cypress has released from the case so far. Other recent agreements were reached with Arrow Electronics Inc. (ARW) and Nu Horizons Electronics Corp. GSI has previously denied any wrongdoing in the case and said it would vigorously defend itself from the allegations. Late last year, GSI said the U.S. Patent and Trademark Office initially rejected a number of Cypress's patent infringement claims tied to the dispute. While Cypress had been reporting improved profits in recent quarters, the semiconductor sector has shown increasing weakness, with many companies cutting their earnings projections and a handful of disk-makers struggling with flooding in Thailand. The company in January said its fourth-quarter earnings surged compared with a year-earlier quarter challenged by a legal settlement and higher tax costs. Cypress shares closed Monday's regular session at $15.67, while Ericsson's closed at $9.90 and GSI's closed at $4.38. None of the stocks was active after hours following Cypress's announcement. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Gsi Technology (GSIT)
DateTimeHeadline
11/15/201308:12:59Fidelity Management & Research Co. 3Q 13F: Largest Eliminations
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: Largest Sales
11/15/201308:12:48Fidelity Management & Research Co. 3Q 13F: Largest Purchases
03/12/201217:24:20Cypress Agrees To Drop Ericsson From Patent Suit Against GSI
01/10/201209:15:55US Stock Futures: HOT STOCKS TO WATCH
01/10/201207:30:18GSI Technology Estimates 3Q Revenue To Top High End Of Target
07/21/201109:04:06Cypress Semi 2Q Jumps On Higher Touchscreen Chip Sales

Gsi Technology and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad