Cypress Semi (CY) Says Avago Drops OvationONS Lawsuit

Cypress Semiconductor Corp. (Nasdaq: CY) reports that Avago Technologies, Inc. has dropped its lawsuit against Cypress. The lawsuit (case number 1:11-cv-00071-SLR), filed in U.S. District Court in Delaware, had claimed that Cypress’s OvationONS products infringed on Avago optical navigation patents. OvationONS products enable finger navigation in handheld devices. Cypress paid no damages and admitted to no infringement in the case.

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