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Wednesday, November 07, 2012 12:18:36 AM
CNTF: Net cash per share $4.76
VRNG Type of play
Cash $252 million
Debt $5.6 million
Net cash $246.4 million
Shares outstanding (ADS) 52.9 million
Net cash per share $4.76
China TechFaith sues Samsung for patent infringement
http://finance.yahoo.com/news/techfaith-sues-samsung-patent-infringement-093000185.html
China TechFaith Wireless Communication Technology Limited (CNTF) ("TechFaith" or the "Company") today announced that it has filed suit against Samsung Telecommunications (Tianjin) Ltd for patent infringement in the People Republic of China (Beijing) courts. To date, the China Patents Committee has acknowledged that TechFaith's mobile phone patent (patent number 2008101134154) is effective and relevant in this current matter.
Mr. Deyou Dong, President and COO of TechFaith, said, "We have invested heavily in research and development over the years to build an extensive product catalog backed by a highly defensible intellectual property portfolio. In the case of Samsung, we are taking legal action after establishing applicability of our patent number 2008101134154, which we believe is being infringed upon in Samsung's GT-B7732 model mobile phone. We intend to aggressively pursue all remedies possible in this and in any other future instances of patent infringement in defense of our highly valuable intellectual proprietary portfolio."
For additional information regarding the patent involved, please visit www.sipo.gov.cn/zljs.
China TechFaith showcased an expanded line-up of mobile phones and motion games at one of the largest telecommunication and IT shows in Asia, the CommunicAsia 2012 exhibition and conference in Singapore on June 19 to 22.
TechFaith showcased a broad range of new Android smart phones, along with its existing range of WCDMA/GSM/EVDO models. The company also featured its integrated 17Vee Internet motion gaming platform, with applications, software, hardware devices and services.
To see the Health Phone and Titan in action, watch the video on the coolest devices at CommunicAsia 2012.
VRNG Type of play
Cash $252 million
Debt $5.6 million
Net cash $246.4 million
Shares outstanding (ADS) 52.9 million
Net cash per share $4.76
China TechFaith sues Samsung for patent infringement
http://finance.yahoo.com/news/techfaith-sues-samsung-patent-infringement-093000185.html
China TechFaith Wireless Communication Technology Limited (CNTF) ("TechFaith" or the "Company") today announced that it has filed suit against Samsung Telecommunications (Tianjin) Ltd for patent infringement in the People Republic of China (Beijing) courts. To date, the China Patents Committee has acknowledged that TechFaith's mobile phone patent (patent number 2008101134154) is effective and relevant in this current matter.
Mr. Deyou Dong, President and COO of TechFaith, said, "We have invested heavily in research and development over the years to build an extensive product catalog backed by a highly defensible intellectual property portfolio. In the case of Samsung, we are taking legal action after establishing applicability of our patent number 2008101134154, which we believe is being infringed upon in Samsung's GT-B7732 model mobile phone. We intend to aggressively pursue all remedies possible in this and in any other future instances of patent infringement in defense of our highly valuable intellectual proprietary portfolio."
For additional information regarding the patent involved, please visit www.sipo.gov.cn/zljs.
China TechFaith showcased an expanded line-up of mobile phones and motion games at one of the largest telecommunication and IT shows in Asia, the CommunicAsia 2012 exhibition and conference in Singapore on June 19 to 22.
TechFaith showcased a broad range of new Android smart phones, along with its existing range of WCDMA/GSM/EVDO models. The company also featured its integrated 17Vee Internet motion gaming platform, with applications, software, hardware devices and services.
To see the Health Phone and Titan in action, watch the video on the coolest devices at CommunicAsia 2012.
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