Tuesday, April 15th 2008
HDD maker Seagate Technology LLC has filed a patent-infringement suit against STEC Inc., a global engineering and manufacturing company for OEM memories and SSD solutions, accusing it of infringing four patents held by Seagate and its Maxtor subsidiary. These patents include solid-state memory storage, memory-backup systems and device self-testing systems. The complaint was filed in the U.S. District Court in San Francisco and Seagate seeks STEC to stop further infringement of its patents, and asks for damages and royalties to be awarded for violating the Seagate patents. Seagate didn't disclose any specific financial damages it is seeking from STEC.
This is not about stifling innovation or threats to our business. ... We have an obligation to our company and our shareholders to protect what belongs to them., said Seagate Chief Executive Bill Watkins in s statement.Source: MarketWatch