Saturday, June 29, 2024 11:59:02 AM
Netlist (NLST) Wins $445 Million in Patent Violation Case
Zacks Equity Research
Tue, May 28, 20243 min read
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Netlist, Inc. NLST recently announced a legal victory in a patent infringement trial against Micron Technology and its subsidiaries (Micron Semiconductor Products, Inc. and Micron Technology Texas LLC).
The U.S. District Court for the Eastern District of Texas awarded Netlist a substantial $445 million damages award following a jury trial, which centered on two key Netlist patents - U.S. Patent Nos. 7,619,912 and 11,093,417. The products that were infringing the patent were all of Micron’s DDR4 RDIMMs and DDR4 LRDIMMs.
The tribunal’s unanimous verdict not only confirmed the infringement but also ruled that Micron had “wilfully infringed” these patents. The compensation granted covers the period from April 2021 to May 2024 for the '912 patent and from August 2021 to May 2024 for the '417 patent.
NLST highlighted that this legal win marks the second successful case in a relatively short period where a global semiconductor giant has been found to wilfully infringe Netlist's patents.
In 2023, Samsung was found guilty of wilfully infringing NLST’s patent technologies, such as HBM and DDR5 that form the bedrock for generative AI computing. In terms of compensation, NLST received more than $303 million as a reasonable royalty for Samsung's violation of its patents for a short past damages period and pre and post-judgment interest in addition to costs.
Based in Irvine, CA, NLST is a leading designer and manufacturer of high-performance memory subsystems for OEMs across the globe. Its rich portfolio of patented technologies provides cost-effective solutions backed by top performance and high density. The patents are from the fields of, storage class memory, hybrid memory, rank multiplication and load reduction and others.
In the last reported quarter, NLST’s net sales soared 297% year over year to $35.8 million, driven by solid momentum in the memory market. The top line beat the Zacks Consensus Estimate by 2.31%.
However, it reported a loss of 7 cents per share for the March quarter, the same as the prior-year figure. The loss was wider than the Zacks Consensus Estimate of a loss of 5 cents.
Recent NLST News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:00:10 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/15/2024 04:15:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:00:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/12/2024 01:37:30 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/07/2024 08:02:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 01:00:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 03:00:12 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 07/24/2024 08:59:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/18/2024 01:30:36 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 02:32:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:00:29 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/28/2024 08:01:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 07:01:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 07:00:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:32:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:31:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/09/2024 02:30:15 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:54:43 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 02:44:15 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 03/01/2024 09:35:01 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 03/01/2024 09:32:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 01:15:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/19/2024 02:38:35 AM
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