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DALLAS
(March 17, 2004) – Texas Instruments (TI) [NYSE: TXN] issued the
following statement about the legal actions pending between TI and Qualcomm
today:
“We are pleased that the Delaware Court of Chancery has set TI's
case against Qualcomm for breach of contract on a fast track for trial,”
stated Joe Hubach, TI Senior Vice President and General Counsel.
In an order issued Monday, the Court offered to try the case in May or
June of this year. The Court declined at this time to grant TI's early
motion to dismiss Qualcomm's counterclaim for breach of the confidentiality
provision of the TI/Qualcomm agreement, but stated that, "At the
present time, there are so few facts before the Court that it cannot conclude
that the alleged breach of the confidentiality provision is immaterial."
The Court pointed out that cases cited by TI in its pre-discovery motion
to dismiss were decided only after the courts had a more complete record.
The parties were encouraged by the Court to complete discovery and briefing
on any summary judgment motions within the next 60 days.
“After the relevant documents have been exchanged, TI intends to
refile its motion to dismiss as a motion for summary judgment,”
Hubach said.
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About
Texas Instruments
Texas Instruments Incorporated provides innovative DSP and analog technologies
to meet our customers' real world signal processing requirements. In addition
to Semiconductor, the company's businesses include Sensors & Controls,
and Education Technology. TI is headquartered in Dallas,
Texas, and has manufacturing, design or sales operations in more than
25 countries.
Texas Instruments
is traded on the New York Stock Exchange under the symbol TXN. More information
is located on the World Wide Web at http://www.ti.com.
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