Garmin (GRMN) Unit Wins Patent Suit with Rambus (RMBS)
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Price: $36.88 +1.35%
Overall Analyst Rating:
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Dividend Yield: 4.7%
Revenue Growth %: -4.4%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 4.7%
Revenue Growth %: -4.4%
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Garmin International, Inc., a subsidiary of Garmin Ltd. (NASDAQ: GRMN), announced today that the U.S. International Trade Commission has rejected all of Rambus, Inc.’s (Nasdaq: RMBS) patent allegations against Garmin. As a result, the Commission terminated the investigation initiated by Rambus styled In the Matter of Certain Semiconductor Chips and Products Containing Same (Investigation No. 337-TA-753).
The notice of termination, which is subject to appeal, affirmed the Administrative Law Judge’s Initial Determination finding that Rambus’ “Barth I” patents asserted against Garmin are invalid and unenforceable. Additionally, the Commission determined that Rambus had failed to demonstrate the existence of a domestic industry for these patents. The Commission affirmed the ALJ’s determination that only Garmin was able to establish that patent exhaustion applied to its products.
This is Garmin’s third consecutive victory in patent matters before the Commission. “We are pleased with this result and are excited for the few other respondents that chose to fight the imprudent allegations with us,” said Andrew Etkind, Garmin’s vice president and general counsel. “I have faith that the Commission will continue to uncover the truth in the growing number of sometimes questionable patent investigations brought before it.”
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The notice of termination, which is subject to appeal, affirmed the Administrative Law Judge’s Initial Determination finding that Rambus’ “Barth I” patents asserted against Garmin are invalid and unenforceable. Additionally, the Commission determined that Rambus had failed to demonstrate the existence of a domestic industry for these patents. The Commission affirmed the ALJ’s determination that only Garmin was able to establish that patent exhaustion applied to its products.
This is Garmin’s third consecutive victory in patent matters before the Commission. “We are pleased with this result and are excited for the few other respondents that chose to fight the imprudent allegations with us,” said Andrew Etkind, Garmin’s vice president and general counsel. “I have faith that the Commission will continue to uncover the truth in the growing number of sometimes questionable patent investigations brought before it.”
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