Wi-Lan has launched a new round of patent infringement lawsuits, targeting Motorola and Blackberry's Research In Motion.
Wi-Lan recently said that it has cash reserves of nearly $92 million to fight patent suits and negotiate deals.
By: Mary Couchman
Jun 21, 2008 02:55 AM GMT
Wi-Lan, Inc said on Friday it has started litigation in the U.S. District Court for the Eastern District of Texas, Marshall Division, alleging that the companies' mobile devices and other equipment infringe Wi-Lan patents. It did not specify what damages or remedies it will seek under the legal action.
The Canadian technology company has launched a new round of patent infringement lawsuits, targeting Motorola Inc, Research In Motion and UTStarcom Inc.
It is impossible to predict the outcome of such a case, said Haywood Securities analyst Dev Bhangui, because companies typically come under heavy pressure to settle outside court and avoid the risk of an uncertain ruling.
"It's a high-stakes poker game," he said.
Shares in Wi-Lan gained nearly 10 percent to C$1.92 on the Toronto Stock Exchange on Friday. The one-time market darling has slumped more than 75 percent in the past 16 months as investors fretted over its unpredictable revenue stream.
The Ottawa-based company also said on Friday that it has settled its dispute with Marvell Semiconductor Inc in the U.S. District Court for the Northern District of California. It did not disclose terms.
Wi-Lan recently said that it has cash reserves of nearly $92 million to fight patent suits and negotiate deals. In late 2007, the company launched litigation against 22 major technology manufacturers, including Apple, Dell, Hewlett-Packard and Intel, claiming patent infringement.
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