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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Marvell Technology Group Ltd Loses $1.17 Billion Patent Verdict-Reuters

Wednesday, 26 Dec 2012 08:01pm EST 

Reuters reported that A federal jury found that Marvell Technology Group Ltd infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages. Jurors also found that Marvell's patent infringement was willful. This could enable the trial judge, Nora Barry Fischer, to award triple damages, a sum close to the $3.96 billion market value of Marvell, whose chips are used for reading and writing data on hard disk drives. 

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