Key Developments For NVE Corp
NVE Corp (NVEC.O) (Consolidated Issue listed on NASDAQ Capital Market)
NVE Corporation Announces Share Repurchase Program
NVE Corporation announced that its Board of Directors authorized the repurchase of up to $2.5 million of the Company's common stock from time to time in open market, block, or privately negotiated transactions. The timing and extent of any repurchases will depend on market conditions, the trading price of the company's stock, and other factors, and subject to the restrictions relating to volume, price, and timing under applicable law. The repurchase program may be modified or discontinued at any time without notice. The Company intends to finance any stock repurchases through cash provided by operating activities.
NVE Corporation Notified Of Grant Of Magnetothermal MRAM Patent
NVE Corporation announced that it has been notified by the United States Patent and Trademark Office (USPTO) of the expected grant of a patent relating to magnetothermal Magnetoresistive Random Access Memory (MRAM).
Court Dismisses Class Action Suit Against NVE Corporation-M2 Presswire
M2 Presswire reported that on July 7, 2007, a Minnesota district court dismissed a consolidated class action lawsuit against NVE Corporation. The complaint against NVE Corporation, Chief Executive Daniel Baker, founder James Daughton and former board member Jeffrey Kaszubinski claimed NVE issued press releases with materially false and misleading statements pertaining to its computer memory technology starting on May 22, 2003.
NVE Corporation Announces Grant of VMRAM Patent
NVE Corporation announced that it has been notified by the U.S. Patent and Trademark Office (USPTO) of the expected grant of a patent relating to Vertical Transport Magnetoresistive Random Access Memory (VMRAM). The new patent relates to addressing Vertical Transport MRAM arrays.
NVE Corporation Enters Distribution Agreement With Newark InOne-FinancialWire
FinancialWire reported that NVE Corporation has entered into a distribution agreement with Newark InOne to supply NVE's IsoLoop Spintronic Coupler line. NVE licenses its MRAM intellectual property and sells spintronic products, including sensors and couplers, to revolutionize data sensing and transmission.
