real-time news and commentary for investors
Tuesday, Aug 20
Marvell cleared of patent infringement
- A Texas jury clears Marvell (MRVL +0.1%) of infringing two patents owned by private Lake Cherokee Hard Drive Technologies that relate to hard drive read channel chips.
- In Dec. '12, a Pittsburgh jury ordered Marvell to pay $1.17B in damages after finding it guilty of infringing a hard drive controller patent owned by Carnegie Mellon. Marvell is naturally appealing.
- Yesterday, the chipmaker announced new chips for its Prestera DX network processor line (competes with Broadcom and others). The chips, which begin sampling next month, combine multi-core ARM CPUs with a built-in traffic manager. They're aimed at access/aggregation equipment within wireline and mobile networks.