Opti postpones liquidation to consider patent infringement suits
Opti postpones liquidation to consider patent infringement suits
By Semiconductor Business News
January 4, 2002 (4:21 p.m. EST)
URL: http://www.eetimes.com/story/OEG20020104S0012
MOUNTAIN VIEW, Calif. -- Opti Inc., once a high-flying PC chip set supplier, today announced postponement of its voluntary liquidation plan to give the company more time to evaluate its intellectual property (IP) and the potential for filing patent infringement suits against other IC manufacturers. Last year, Opti's board of directors voted to shut down the troubled set chip company after it was unable to find a buyer (see Sept. 10 story). Opti's product line and technology covers controller devices for liquid crystal displays (LCDs), 1394 serial links, and Universal Serial Bus (USB) applications in computers. In announcing the postponement of Opti's shutdown, the board of directors emphasized that it does not see any change in the company's business prospects. However, Opti will proceed with a distribution to its shareholders of cash and shares of stock that the company holds in Tripath Technology Inc., a supplier of digital-power processing amplifiers in Santa Clara. Opti said it will also postpone its annual meeting of shareholders until the second quarter of 2002.
Related News
- EVE Will Continue to Defend Itself Against Mentor Graphics' Patent Infringement Suits
- EVE Contends Mentor Graphics' Patent Infringement Suits Are Unfounded
- German Court Fines Netflix €7.05 Million for Continued Infringement of Broadcom HEVC Patent
- Intel stung for $2bn in Waco judgment
- Xilinx Files Patent Infringement Lawsuit Against Analog Devices
Breaking News
- Packetcraft Delivers Bluetooth Software Enabling Channel Sounding to Early Access Licensees
- QuickLogic Releases Aurora 2.6 with Expanded Operating System Support and Up to 15% Faster Performance
- Rapid Silicon Introduces Revolutionary Rapid eFPGA Configurator for Hassle Free Embedded FPGA Evaluation
- Silvaco Announces Launch of Initial Public Offering
- TSMC's A16 Process Moves Goalposts in Tech-Leadership Game
Most Popular
E-mail This Article | Printer-Friendly Page |