ajtj99's Market Pulse

[doctoroe]

CREE postmarket move up could be related to this:
Today Nichia Corporation announced that a Taiwanese court had granted a preliminary attachment order, which was executed by Nichia on September 22, 2003, to freeze the bank accounts of EPISTAR Corporation. Nichia is suing EPISTAR for the infringement of Nichia’s Taiwan patent No. 160,722 by EPISTAR’s blue LED product, and the recent court order is a part of that legal action. The executed court order freezes some of the EPISTAR’s bank accounts to preserve funds for award of potential damages to Nichia.
Nichia has developed an extensive portfolio of patents and other intellectual properties in various countries, resulting from advanced and vigorous R&D efforts. Even though the current legal action is directed at one of the products of EPISTAR, the largest GaN-based LED producers in Taiwan, Nichia intends to take additional necessary legal actions against other EPISTAR products and/or other products of other companies, to vigorously protect Nichia’s intellectual properties and its licensing partners’ legal rights. Nichia expressed a willingness to enforce its intellectual properties against any other infringement in any country in the world.
http://www.nichia.co.jp/info/news/new20030924.html