Key Developments For Netlist, Inc.
Netlist, Inc. (NLST.O) (Consolidated Issue listed on NASDAQ Global Market)
Netlist, Inc. Responds To IInphi Corporation Lawsuit
Netlist, Inc. announced that the legal action filed by Inphi Corporation is without merit and appears to be in response to the patent infringement action filed by Netlist against Inphi in September 2009. In September, Netlist sued Inphi alleging that Inphi's iMB line of isolation memory buffer integrated circuits infringe Netlist's U.S. Patent No. 7,532,537. Netlist is seeking monetary damages and has requested an injunction barring Inphi from making and selling infringing product and from inducing others to infringe any of the claims of the '537 patent. Netlist's management and its legal team have reviewed the Inphi patents and believe that Inphi's claims are without merit and will fail in court.
Netlist, Inc. Launches 16GB, 2 Virtual Rank Memory Module
Netlist, Inc. announced that it has launched HyperCloud, the 16GB, 2 virtual rank (vRank) memory module for servers. A double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud maximizes server utilization to improve datacenter application performance.
Netlist, Inc. Files Patent Infringement Lawsuit Against Inphi
Netlist, Inc. announced that it has commenced federal litigation against Westlake Village, CA-based Inphi Corporation, a high-speed analog semiconductor company, alleging that Inphi's iMB line of isolation memory buffer integrated circuits infringe Netlist, Inc. 's U.S. Patent No. 7,532,537. In its Complaint filed September 22, 2009 in U.S. Central District of California, Western Division, Netlist, Inc. is seeking unspecified monetary damages and requests immediate and permanent action barring Inphi from making and selling infringing product, and enjoining Inphi from inducing others to infringe any of the claims of the '537 patent.
Netlist, Inc. Issues Q3, FY 2009 Guidance
Netlist, Inc. announced that for the third quarter of 2009, it expects revenues to be between $33-$34 million. The Company expects non-GAAP operating income to be between $3.4-$4.4 million. Based on current estimates this would equate to a GAAP operating loss of $1.0-$0.0 million. Non-GAAP net income is expected to be between $0.2-$1.2 million. Based on current estimates this would equate to a GAAP net loss of between $1.7-$0.7 million. For fiscal 2009, the Company expects revenues to be between $135-$137 million. Non-GAAP operating income is expected to be between $18.0-$20.0 million. Based on current estimates this would equate to GAAP operating income between $2.0-$4.0 million. Non-GAAP net income is expected to be between $6.5-$8.5 million. Based on current estimates this would equate to GAAP net income between $0.0-$2.0 million.
Netlist, Inc. Issues Q3 2008 Revenue Outlook Above Analysts' Estimates
Netlist, Inc. announced that for the third quarter of 2008, it expects revenue to range from $28 to $32 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $27 million for the same period.
