|
Delaware Court Rules in TI's Favor
DALLAS (October 6, 2004) -- The Delaware Court of Chancery has rejected
a second claim by Qualcomm Incorporated that Texas Instruments Incorporated
(TI) (NYSE:TXN) materially breached the parties' cross-license agreement.
This latest ruling, in which the court found that no breach of the agreement
occurred, follows an earlier ruling, issued in July of this year, in which
the court rejected a separate assertion by Qualcomm that TI materially
breached the same agreement.
With Qualcomm
having abandoned in August a previous claim for damages, the latest ruling
disposes of all outstanding claims before the court in the existing litigation
between the parties, with the license rights of each party under the cross-license
agreement remaining in effect.
"We're
grateful for the court's ruling and are pleased to conclude the trial
on this note," said Senior Vice President and General Counsel Joseph
F. Hubach.
#
# #
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 www.ti.com.
Back to Top |
Samples & Purchase Cart
