PCTEL Sues Agere, Broadcom, Lucent and U.S. Robotics for Patent Infringement
PCTEL Sues Agere, Broadcom, Lucent and U.S. Robotics for Patent Infringement
May 27, 2003
PCTEL Sues Agere, Broadcom, Lucent and U.S. Robotics for Patent Infringement
CHICAGO, May 27, 2003 (BUSINESS WIRE) --
PCTEL, Inc. (Nasdaq:PCTI), a leading provider of Internet access technology, 802.11 mobility software, and software-defined radio products, announced today that it has filed patent infringement lawsuits against modem manufacturers Agere Systems Inc. (NYSE: AGR.A - AGR.B), Broadcom Corporation (Nasdaq: BRCM), Lucent Technologies Inc. (NYSE: LU) and U.S. Robotics Corporation. The complaints were filed on May 23, 2003 in the Northern District of California, asserting that these companies have infringed modem technology developed or acquired by PCTEL.
PCTEL had previously filed a complaint against 3COM Corporation (Nasdaq:COMS) for infringing PCTEL modem technology. That complaint was filed in March, 2003.
"We enter litigation reluctantly, but with an absolute conviction that our claims are justified and that we are entitled to substantial compensation," said Marty Singer, PCTEL chairman and CEO. "As has been our practice, we attempted to resolve these matters without recourse to the courts', however, experience has convinced us that litigation offers the most effective path to a meaningful resolution," added Singer.
PCTEL currently focuses on wireless products, in particular, Wi-Fi software, software defined radios and wireless test and measurement tools. Over the past 12 months, the company acquired both a software company and a wireless test and measurement company in its efforts to transition the company to markets that offer higher growth opportunities.
PCTEL recently divested its modem product line to a competitor and industry leader, Conexant Systems, Inc (Nasdaq: CNXT). In addition to cash consideration, Conexant granted PCTEL ownership of approximately 50 modem related patents. PCTEL has previously licensed its own technology to other industry participants in the modem space. PCTEL's enhanced intellectual property is what remains of the company's investment in modem technology and products.
ABOUT PCTEL
PCTEL, founded in March 1994, is a leading provider of Internet access technology, 802.11 mobility software and software-defined radio products. PCTEL's products include WLAN software products (Segue(TM) Product Line) that simplify installation, roaming, Internet access and billing. Through its subsidiary, DTI, the company designs, develops and distributes OEM receivers and receiver-based products that measure and monitor cellular networks. The company maintains a portfolio of more than 100 analog and broadband communications and wireless patents, issued or pending, including key and essential patents for modem technology. The company's products are sold or licensed to PC manufacturers, PC card and board manufacturers, wireless carriers, wireless ISPs, software distributors, wireless test and measurement companies, and system integrators. PCTEL headquarters are located at 8725 West Higgins Road, Suite 400, Chicago, IL 60631. Telephone: 773-243-3000. For more information, please visit our web site at: http://www.pctel.com.
PCTEL SAFE HARBOR
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the company's litigation proceedings and licensing program. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, uncertainties with respect to the referenced litigation, the ability and success of the company in its licensing efforts, and other risks and uncertainties detailed in the company's annual and quarterly filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: PCTEL, Inc.
PCTEL, Inc. John Schoen, 773/243-3000 john_schoen@pctel.com Jack Seller, 773/243-3016 jack_seller@pctel.com
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PCTEL, Inc. (Nasdaq:PCTI), a leading provider of Internet access technology, 802.11 mobility software, and software-defined radio products, announced today that it has filed patent infringement lawsuits against modem manufacturers Agere Systems Inc. (NYSE: AGR.A - AGR.B), Broadcom Corporation (Nasdaq: BRCM), Lucent Technologies Inc. (NYSE: LU) and U.S. Robotics Corporation. The complaints were filed on May 23, 2003 in the Northern District of California, asserting that these companies have infringed modem technology developed or acquired by PCTEL.
PCTEL had previously filed a complaint against 3COM Corporation (Nasdaq:COMS) for infringing PCTEL modem technology. That complaint was filed in March, 2003.
"We enter litigation reluctantly, but with an absolute conviction that our claims are justified and that we are entitled to substantial compensation," said Marty Singer, PCTEL chairman and CEO. "As has been our practice, we attempted to resolve these matters without recourse to the courts', however, experience has convinced us that litigation offers the most effective path to a meaningful resolution," added Singer.
PCTEL currently focuses on wireless products, in particular, Wi-Fi software, software defined radios and wireless test and measurement tools. Over the past 12 months, the company acquired both a software company and a wireless test and measurement company in its efforts to transition the company to markets that offer higher growth opportunities.
PCTEL recently divested its modem product line to a competitor and industry leader, Conexant Systems, Inc (Nasdaq: CNXT). In addition to cash consideration, Conexant granted PCTEL ownership of approximately 50 modem related patents. PCTEL has previously licensed its own technology to other industry participants in the modem space. PCTEL's enhanced intellectual property is what remains of the company's investment in modem technology and products.
ABOUT PCTEL
PCTEL, founded in March 1994, is a leading provider of Internet access technology, 802.11 mobility software and software-defined radio products. PCTEL's products include WLAN software products (Segue(TM) Product Line) that simplify installation, roaming, Internet access and billing. Through its subsidiary, DTI, the company designs, develops and distributes OEM receivers and receiver-based products that measure and monitor cellular networks. The company maintains a portfolio of more than 100 analog and broadband communications and wireless patents, issued or pending, including key and essential patents for modem technology. The company's products are sold or licensed to PC manufacturers, PC card and board manufacturers, wireless carriers, wireless ISPs, software distributors, wireless test and measurement companies, and system integrators. PCTEL headquarters are located at 8725 West Higgins Road, Suite 400, Chicago, IL 60631. Telephone: 773-243-3000. For more information, please visit our web site at: http://www.pctel.com.
PCTEL SAFE HARBOR
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the company's litigation proceedings and licensing program. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, uncertainties with respect to the referenced litigation, the ability and success of the company in its licensing efforts, and other risks and uncertainties detailed in the company's annual and quarterly filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: PCTEL, Inc.
PCTEL, Inc. John Schoen, 773/243-3000 john_schoen@pctel.com Jack Seller, 773/243-3016 jack_seller@pctel.com
http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
News Provided by COMTEX