CA (December 1, 2009) . . . Netlist, Inc. (NASDAQ: NLST) today
announced that the legal action filed by Inphi Corporation Monday is
without merit and appears to be in response to the patent infringement
action filed by Netlist against Inphi in September 2009.
In September, Netlist sued Inphi alleging that Inphi's iMB line of
isolation memory buffer integrated circuits infringe Netlist's U.S.
Patent No. 7,532,537. Netlist is seeking monetary damages and has
requested an injunction barring Inphi from making and selling infringing
product and from inducing others to infringe any of the claims of the
Netlist's management and its legal team have reviewed the Inphi patents
and believe that Inphi's claims are without merit and will fail in
"The products we are bringing to market, including HyperCloud memory,
are important innovations, and they are based on our robust portfolio of
intellectual property," said C.K. Hong, President and CEO of Netlist.
"We will continue to vigorously assert our intellectual property against
Inphi and any others that make unlawful use of our IP."
About Netlist, Inc.
Netlist designs and manufactures high-performance memory subsystems for
the server and high- performance computing and communications markets.
The Company's memory subsystems are developed for applications in which
high-speed, high-capacity memory, functionality, small form factor, and
heat dissipation are key requirements. These applications include
tower-servers, rack-mounted servers, blade servers, high-performance
computing clusters, engineering workstations, and telecommunication
equipment. Netlist maintains its headquarters in Irvine, California with
manufacturing facilities in Suzhou, China.
Safe Harbor Statement
This news release contains forward-looking statements regarding future
events and the future performance of Netlist, including the outcome of
pending litigation, future opportunities and growth for the company's
business. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
those expected or projected. These risks and uncertainties include, but
are not limited to, the rapidly-changing nature of technology;
volatility in the pricing of DRAM ICs and NAND; changes in and
uncertainty of customer demand, including delays in product
qualifications; delays in the Company's and its customers' product
releases and development; introductions of new products by competitors;
changes in end-user demand for technology solutions; the Company's
ability to attract and retain skilled personnel; the Company's reliance
on suppliers of critical components; fluctuations in the market price of
evolving industry standards; and the political and regulatory
environment in the People's Republic of China. Other risks and
uncertainties are described in the Company's annual report on Form 10-K,
dated March 30, 2009, and subsequent filings with the U.S. Securities
and Exchange Commission made by the Company from time to time. Netlist
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Dec 01, 2009